May 16 2008
Smart Money Magazine Says Renters Have Lame Excuses
It’s not often that a mainstream media publication taunts renters into buying homes, but that’s exactly what Smart Money magazine tries to do in its latest issue.
The Smart Money Web site “lead-in” reads 5 (Lame) Excuses for Not Buying a Home. The title is a little forceful for my taste … and apparently a lot of other people agreed. It looks like they changed the title afterward to something a little more palatable - “Why Buying a Home Is the Best Option.”
The article raises very good counter-points to the more popular reasons why renters avoid homeownership.
Owning a home is a serious responsibility and does require commitment. However, a renter should not feel bullied or hurried into buying because for as much as personal economics are at play, personal emotions are at play, too. Both deserve respect.
So, renters: Put your blinders on and give the Smart Money article a read. There’s good advice in there once you get past the author’s bias.
