Renting Is A Smart Financial Move To Avoid Becoming ‘House Poor’

Renting is seen as a strategic choice to avoid becoming 'house poor' by stretching finances too thin. It allows time to save for homeownership without the added financial responsibilities. Criteria for buying a home include being debt-free, having an emergency fund, and making a 20% down payment. Renting is advocated for its lower costs and better amenities compared to buying.