Why do we pay rent for a home?
Rent's Big Trade
Why do we pay rent for a home?
You wake up in your room, brush your teeth in your bathroom, grab breakfast in your kitchen. But here's a wild thing: you don't own this place. Someone else does. And every month, you hand them money just to keep living here. Why?
Let's back up. A house costs a lot of money — maybe $300,000, maybe more. Most people don't have that sitting around. So when someone needs a place to live but can't buy one, they rent. They borrow the space from someone who does own it.
