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Rob Carrick's Reader: Where renting beats buying (and it's not even close)

For rent sign in this undated file photo.

iStockphoto/Jay Spooner/iStockphoto/Jay Spooner

The best of the Web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Where Renting Beats Buying (And It's Not Even Close) A U.S. finance professor looks at 250 properties across the country and finds that renting was a better bet than buying in each and every case.

The Mortgage Penalty Box A look at how mortgage penalties are calculated, and how the numbers differ widely between lenders.

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Penny Auctions: What You Should Know Two critical takes on penny auction websites like Quibids, which was mentioned in a Reader edition last week. The problem is how quickly your costs can grow when you use this type of website. Here's one, and here's the other.

I'd Like My Investing Fees Hidden, Please At look at why we feel more comfortable with investments that bury fees, rather than paying fees up front. As this blog post correctly argues, it's how much you pay in fees that matters, not how you pay them.

The Chopping Block Check out the heated debate on my Facebook personal finance page about the best way for governments to get their finances under control. By the way, I'm also on Twitter.

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Editor's note: If you don't receive Rob Carrick's newsletter twice weekly by email, you can sign up to get it for free at The Globe and Mail. All you need to do is register for the site, or if you've already registered, log in and go to your profile at the top of the homepage. Once you're in your profile, look under Newsletters and Alerts and look for the Personal Finance Reader and other newsletters. Other financial newsletters include: Business Ticker, a summary of the day's top business stories; Berman's Market Update, a summary of the markets at the open, noon and close; and All-Star Investors, a monthly collection of articles exploring an investing trend or theme.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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