Owning a property means shelling out money, sometimes unexpectedly. The furnace goes out in the middle of winter? Better fix that quick. Don’t have the money? Let it get to freezing now your pipes burst and that’s just thousands of dollars more to spend on top of the thousands of dollars to replace the furnace.
If I owned the property I could get the boiler fixed faster but seeing now I have to wait on the landlord and hope he understands the urgency, or I fix his property and good luck for me getting that money reimbursed.
Paying rent is trading money for a service.
Owning a property means shelling out money, sometimes unexpectedly. The furnace goes out in the middle of winter? Better fix that quick. Don’t have the money? Let it get to freezing now your pipes burst and that’s just thousands of dollars more to spend on top of the thousands of dollars to replace the furnace.
If I owned the property I could get the boiler fixed faster but seeing now I have to wait on the landlord and hope he understands the urgency, or I fix his property and good luck for me getting that money reimbursed.