|
When
you
rent
a
place
to
live,
you
can
certainly
expect
your
rent
to
increase
each
year
–
or
even
more
often.
If
you
get
a
fixed
rate
mortgage
when
you
buy
a
home,
you
have
the
same
monthly
payment
amount
for
thirty
years.
Even
if
you
get
an
adjustable
rate
mortgage,
your
payment
will
stay
within
a
certain
range
for
the
entire
life
of
the
mortgage
–
and
interest
rates
aren’t
as
volatile
now
as
they
were
in
the
late
seventies
and
early
eighties.
Imagine
how
much
rent
might
be
ten,
fifteen,
or
even
thirty
years
from
now?
Which
makes
more
sense? |
