When Does Buying a House Make Sense?

Now that we have a kid, naturally the next step is to buy a house, right? I mean, that’s what people tell us, anyway. Of all our friends and family members, the number of parents we know who chose to rent are next to nil. This is because not only is owning viewed by North Americans as the ultimate status symbol, renting carries a stigma. I’ve heard the phrase “renting is throwing your money away” and “home ownership is the key to wealth” so many times I can no longer roll my eyes because they’re permanent stuck at the back […]

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