1) Someone else gets to fix your appliances, at their expense.
2) When your neighbor complains that your tree is too far over on their lot, and should be cut back, I get to reply, “I’ll let the landlord know.” (This happened yesterday, and I was so glad that I didn’t have to be the one making the decision!)
3) No long-term commitment. We can change our minds easily and without regret.
4) When you’re low on money for house repairs, renting often takes care of that problem. You’d LIKE to replace the tiles in the kitchen, but you can’t, because it ain’t yours to replace – plus, you really don’t have the money. Problem solved.
5) Saves you money on housing. (Well, sometimes. It does in our case).
6) Rather than settling for a starter home, we can save our money up for our dream place and (hopefully) never have to move again.
7) We really want to buy a house here, but we’re both new to this specific town. Renting allows us to explore the neighborhoods and get to know the area (and what areas we like best) before buying.
8) No worries about inflation, variable rates, property tax, etc.
9) Let’s face it; we don’t have the money right now to buy. Yes, it’s a buyer’s market, but we have a lot of student loan debt and right now we need to focus on our debt and starting our family. I’m not ashamed to admit that we just don’t have the money. I think that honesty is what this country needs right now – rather than trying to keep up with the Joneses, people need to start admitting that they can’t afford everything. Period.
10) Renting makes you appreciate what you have. My husband and I both desperately want our own little house to call our own, but it’s just not in the cards right now. Not being able to get what you want all the time is humbling, and makes you realize what is really important – family, friends, and being thankful that you at least have a roof over your head and food on the table (which many, many in this world do not).