What do you think about when you picture the American Dream? For many, it includes marriage, kids, and buying a home with a white picket fence. But, not all of those elements are required for happiness or financial stability. For some people renting may make more sense for their financial situation versus homeownership. However, many may not see it this way. In this article, I will explore some of the reasons people think that home ownership is necessary and offer some ways to reframe negative thoughts toward renting.
Reasons People Think They Need To Own A Home
I had a conversation with a friend recently and she said, “I feel like I have to buy a house, but I really like the rent-controlled apartment I am renting.” I dug a little deeper to find that this friend believed that she was missing out on an investment opportunity and that everyone else was getting rich by investing in real estate.
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