10. More money to invest elsewhere
For most people, buying a home represents a very serious long-term expense, usually in the form of mortgage payments. Add taxes, insurance, repairs, upkeep and other expenses and you can see how some people end up “house poor.” That’s another way of saying that their housing expenses eat up most of their income and leave very little left over for other things. Renting is almost always a cheaper option and will leave more of your money available for investments that could pay off handsomely, like saving for retirement or investing in the stock market.