[mulmen]

I rent. I pay something like $15.00 a month for insurance. My basement flooded and my landlord had to pay for an emergency plumber. It’s “built into the rent” but I still don’t have to bear the cost. My landlord assumes the risk of being ready to cover an expensive maintenance item.

[xyzelement]

Yes but you compensate them for this risk via your rent.

[chiefalchemist]

The landlord gets equity in the property. The tenant get freedom, peace of mind, etc.

It's a question of priorities and personal values.

[mulmen]

Yes, at about half the rate a mortgage on this place would cost.

I put those savings into investments that aren’t stored outside.