Getting Out of Renting

(My Original Blog Post: http://ping.fm/hAHpB)
Renting does have some advantages. If it didn't, no one would do it. The disadvantages of renting, however, are many and significant. The first, and most obvious, is that the money you spend on rent is essentially thrown away. The money is not tax-deductible, in most cases, and gains you no equity in the property in which you live.