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Real EstateHousing

Renting Is Throwing Money Away

Owners have money they never get back too

'Renting is throwing money away.' You've heard it a hundred times. Do owners really throw nothing away?

You'll find out

  • What owners pay and never get back
  • When the renter's pile is the taller one
  • Why how long you stay matters

Why it matters

A slogan is no way to size up the biggest purchase most people ever make. The real answer is in the numbers.

About 3 min6 interactive slides · 5 questionsLesson 115 · Zone 13

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More in this zone

  1. 109HousingRent or Own: What You Pay ForBoth cost money you never get back
  2. 110MortgagesHow a Mortgage WorksA loan to buy a home, paid over decades
  3. 111MortgagesThe 30-Year Mortgage Is RareFew countries lock a home loan's rate for 30 years
  4. 112MortgagesInterest Comes FirstEarly payments are mostly interest
  5. 113MortgagesWhat a Home Really CostsThe price tag versus everything you pay
  6. 114Home EquityDown Payments and EquityThe part of the house that's really yours
  7. 116OwnershipThe Landlord's GameLizzie Magie invented the game that became Monopoly, to show how owning land pulls in everyone's rent, and was paid $500
  8. 117Rental PropertyGetting Paid by a BuildingHow rental income works