Renting vs. Owning: A Financial Examination

This chapter explores the complex financial dynamics of renting versus homeownership, emphasizing the unrecoverable costs associated with both options. It highlights the importance of recognizing maintenance and depreciation in homeownership and how this impacts perceived financial benefits. Additionally, it discusses strategies for renters to build comparable wealth, the psychological factors influencing ownership perceptions, and the evolving attitudes toward renting among younger generations.