Is Renting Still A Smart Financial Decision For Families?

Renting was becoming a popular choice even for people who could afford to buy homes. But the past two years have changed the world significantly.

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What was once considered a smart financial decision may now no longer make sense. Does this apply to rent as well?

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People now have to pay a higher proportion of their income towards rent, and paying such high prices for a home that will never be yours is not the best financial approach.

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There are landlords who will allow you to sub-let, but it is much more difficult and you will earn less than you would with your own place.

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Renting out parts of the home you are living in is no one’s idea of a dream life, but it is a way to bring in much-needed cash.

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Most people would prefer to be in a situation of homeownership. The unfortunate reality is that this is just not possible for millions of Americans.

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FOR MORE ABOUT THIS POST, VISIT RADICAL FIRE

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