iOS app Android app More  James Altucher  James Altucher
Posted: January 6, 2010 12:02 PM  The Great American Myth: A
Home is a Waste of Money  What's Your Reaction:  Home ownership
has often been considered a critical component of the "American
Dream," as an unwritten privilege living in America bestowed on
its financially secure citizens. In the wake of the housing
crisis, few are asking whether the dream was real or not, but
rather are asking, when will we be restored our proper rights as
citizens - our right to once again own our own homes? The home
ownership dream has pervaded as more of a myth than a reality
and this will always be the case, regardless of how the current
crisis shakes out.  When making the decision to buy versus rent
a home, people generally consider several factors. First, they
compare rent vs mortgage - which costs more on a monthly basis?
But there are more components to the monthly cost of ownership.
Below is a list of costs that are baked into your rental price,
but added to a mon