Is Renting Really Throwing Money Away?

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"When I was renting I couldn?t keep track of the number of time my parents told me I was throwing away money. I was paying someone else?s mortgage, they would tell me. At first, this seems to make sense. Why pay $1,500 a month for rent when you can pay $1,500 a month for a mortgage and own your own home? There is one major flaw with this argument."

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