With rent, your not purchasing anything.
With a mortgage payment, you're not purchasing anything either. A mortgage is a lean against the property you own outright. You hold the deed, not the bank. With a car loan, you don't own the car until you lay it off and get the title. A lot of people don't understand that distinction.
Ah, ok... you're getting at something called imputed rent or imputed income.
When you rent a property you don't own, you're losing that money to a landlord.
When you own your own property and pay for it, you're paying yourself rent...
living quarters. A roof over your head. A place to call home. Shelter.
A place to sleep and keep my crap =P
30 years of your life to the bank
I'm not purchasing Anything when I pay rent
Renting , means borrowing , Purchasing , means buying to keep , class dismissed
A roof over my head
A place for your children to call home.