Renting Versus Buying and How To Throw Your Money Away One long-standing discussion in the world of personal finance is the advantages of renting versus buying. Advocates of renting praise the advantages of renting because it allows the consumer to "purchase larger items, like homes and cars, that ordinarily might not be feasible, and smaller items, like computers or TVs that might only be needed on a short-term basis. The only problem is that when renting, you are not "purchasing" the item (like a home). You are renting. And there's a difference. Let's assume you will need a home for as long as you live. If you buy that home , at some point mortgage payments will end, and you will have an asset that you own (your home). When you rent, you may get a bigger house up front (that's debatable too...rent payments are generally higher than mortgage payments...the homeowner wants to have some positive cash flow in addition to owning the home), you will
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