Never feel guilty about renting.
People are so focused on monthly payments that they completely ignore the “phantom” costs of ownership.
Here’s a great example I heard recently: “my car payment is $350/month”
That’s only half the story…
When you factor in gas, parking, insurance, etc. it costs almost $1,000/month.
Homeownership is no different.
Yes, buying a house can make financial sense but sometimes the wiser move is to rent in order to prioritize other more pressing financial initiatives.
Everyone’s situation is different and you should run the numbers because they don’t lie!