I rent and can't help but feel that I'm wasting my money. With the prices for condos so competitive currently, I'm wondering if it would make sense to stop contributing to my 403b and save up for a down payment.
I only suggest this because my employer has excellent benefits and is paying in 12% of my salary to my retirement account regardless of whether or not I'm paying anything in.
So, I'm effectively depositing about 20% of my income into my retirement account. Seems like perhaps it might be better to invest in property and quit wasting my rent money every month.
I figure I'll likely be here in this city for the next five years, and if I can't sell I would rent out the property.