To avoid the downside risks associated with homeownership, renting a home has quickly morphed into a preferred alternative, keeping potential buyers on the sidelines. I predict this trend will continue. Here are 5 reasons why renting is a better option than buying in 2020. 1. Flexibility is Key...
One of the big reasons for renting is the flexibility of mobility. Many young professionals do not have the security of longer term employees. They also may have to move out to move up. For all the talk of economic recovery, the number of job ope...
What goes into the monthly cost of renting or owning? The cost to rent is relatively straightforward – it is the amount of rent paid by the tenant every month. The cost of owning, on the other hand, is made up of multiple pieces – it includes taxes, repairs, homeowner’s in...
I see there is more and more people just renting or rent-to-own because they say is easier than buying. So many people getting denied from all directions possible. I was one of them, and lost $500 plus home inspection money. All because loan officers suck. So do not waste their ti...
Deciding to own a house is a great financial decision. Beyond the financial aspect, owning a home saves you a lot of problems. Let’s explore some of its benefits. Buying a home is a long-term investment Renting a home requires continuous monthly or yearly payments to maintain the place...
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So, is buying a house worth it? Let’s take a look at some of the key benefits of owning a home: Benefit from home appreciation Homeownership often proves to be a wise long-term investment as property values tend to appreciate over time. Unlike renting, where monthly payments contribute ...
, noting that many households are paying “$800 to $1,100 more per month” to buy rather than rent a similar home. “That’s an enormous amount for hardworking families’ budgets,” he said, adding that this monthly cost difference is causing some growing families to opt for r...
Owning a home isn’t right for everyone. Renting is better than buying for some people because it makes more financial sense.
As much as marketing departments might see millennials as free spirits who don’t want to be tied down, renting is not a choice they want to make. A Goldman Sachs survey found in 2010 that 93 per cent of 18 to 34-year-olds renting their digs dreamt of owning their own place one day...