Mortgage

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Owning a home is now more expensive than renting in every major U.S. city-just when you thought the American Dream was underselling itself. At this rate, we might as well start referring to homeownership as ‘the gated community of personal finance’-exclusive club memberships only for those who can afford the initiation fee of a kidney. But seriously, what's next? Should we start considering renting as the new savvy investment strategy? I can see it now: financial advisors with ‘Rent, don’t buy’ mugs, holding seminars on how to maximize your 900-square-foot apartment’s potential. But hey, if I can’t afford a house,...