Many people take this to mean that I can't afford to buy a home, but that's not the case.
Since I was just renting my home, the move was pretty stress-free.
Consider, for contrast, what my options would be if I had owned a place—and hated my job, or was laid off.
I enjoy maintenance-free living To say my husband and I are not handy is an understatement.
And my apartment is huge.
I’d rather invest my money If I were to buy the above-mentioned $569,000 home and wanted to put down a traditional 20% down payment, I’d need a down payment of $133,800, plus closing costs.
My rent has only increased by 2% the past three years.
(If you need help deciding whether renting or buying is more affordable, check out a rent vs. buy calculator to see which option is cheaper in your area.)
Renting is more convenient To buy a home that I could afford—where my monthly payment would be about what I pay in rent—I would have to move about 30 miles away from where I live now.
Homeownership isn’t a goal for me Traditional financial advice says that buying a home is a better choice than renting.