
Every day, people are waking up to the bad news: they’re living in homes they can’t afford.It crumbles that way for any number of reasons. It may be that you’ve never had the income you’d need to afford something like this. Or maybe you could have afforded it with two incomes in, but if one of you has lost your job then the one income may not be enough.
Whatever the case may be, it is simple, observable fact that the old way of doing things isn’t working out. Mortgages lock you into taking care of a house, and if you can’t afford the mortgage then you take a second one to pay off the first. But that’s only a temporary respite. You may think it better to settle for that, but it’s not. Not really.
You’re never really free. Your house is not a shelter. It’s a prison. It’s a series of chains and obligations that keep you where you are and prevent you from leading the life you want to lead.
Here’s the thing, though: people are smart. And they’re finding out that there is an alternative to living in a house whilst under a mortgage.
That alternative is renting a house.
Renting a house makes sense because it puts you under a lease rather than a mortgage. You move in, pay as you can, and when the time comes to change, you move out. You don’t carry the rent of the old house with you – it’s left where it is, and you’re free to leave it there.
That’s why renting makes so much more sense these days.