The Real Cost of Renting
The cost of renting over 5 years with a 5% annual rent increase. (Which is not the norm at the moment!) Rents recently have increase annually by as much as 20% in Florida, depending where you live. Below is how much money you will give to your landlord and get nothing in return, especially a tax deduction. When you buy, your payment is locked in for 30 years. Imagine how much your rent will be in 30 years! Or in just 10 years!