re: Paying off everything off while young

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For a young, single person, renting is not wasting money. Renting makes good financial sense for any single male. Why? The female you end up with may hate the house. Moving is expensive, particularly if you don't hold the mortgage long enough to recoup your transaction costs.

If you can afford a home, I certainly don't recommend renting for 7 or more years in the same location, but renting for 2 to 3 years until you are certain of the location, neighborhood, your long-term housing budget, etc., is not the "stupid" decision that many would have you believe. On the contrary, it's smart.

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