The pitfalls of renting are many and varied. From not having
the long-term stability of living in one place year after year, to constantly
being at the whim of landlords’ decisions to increase rents, to not being able
to hang your mirror in a spot where you can actually see your head and your
body at the same time. There are upsides, like not being responsible for plumbing
repairs or tree removal, but that about covers it.
Aside from property, most other assets actually depreciate over
time. That new car you just bought will be worth half what you paid for it in
just 2 years, your office photocopier worth a little less with each tax return.
Yet year after year, renters find themselves paying more each week for what is essentially
an older, more worn out version of the building where they eat, sleep and do
laundry.
