The age-old debate: to buy or to rent? Most of us have heard that it is advantageous to have your rent money going towards a mortgage on a home you own, rather than to a landlord. However, both the economy and the real estate landscape have changed drastically in the last decade, and buying a home isn’t as sure of an investment as it use to be. How can you know if buying is the best option for you, or if you should stick to renting?
Why we’re asking:
Putting a roof over our heads is a basic necessity, but there are many different ways to do it. Real estate can be a great investment, or it can go terribly wrong. Figuring out which is best for you can get complicated quickly. We look forward to reading opinions weighing in on when it is better to rent or buy, based on current trends and the state of our real estate markets today.
Share your thoughts below:
How do you know if it is better for you to buy or rent a home?
Under what circumstances is buying a better option than renting?
What are the advantages and disadvantages to owning?
What are the advantages and disadvantages to renting?
We look forward to learning more about renting versus buying.
Please post your answers in the comment field below!