Which is the safer option, to buy your home or to rent it?
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$7 Answers
Buying a home is a commitment. Repairs, lawn maintenance, and costs associated with having a home can be substantial but should have been considered before making the acquisition. Then add on top of that, the cost of the kids, medical bills, cars, and everything else that can break or be replaced. During tough economic times, the costs can become overwhelming. But home owners have more leverage to work out payment plans.
But for singles, older couples, or younger childless couples, renting may be the best option. Any major repair, appliance replacement, lawn maintenance, etc. is the responsibility of the property owner. If an opportunity arises in a different area of the country, people who are renting have an easier time moving.
moving experiences
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
Renting, in my opinion, isn't an investment seeing as you won't get anything from it later.
I bought my home because I would be able to at least get the same or nearly the same amount of money from it whenever I decide to sell again, and then I would have some capital to buy another place.
I wouldn't have that capital if I had rented this place.
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
“THINGS BEING EQUAL it's almost always better to own your home rather than to rent. After all, you build equity and get to write off your mortgage interest. And if you play your cards right, when you sell you'll be eligible for one of the best tax breaks around. But that doesn't mean that everyone should be a homeowner. If your move is short-term or if interest rates are high and property values deteriorating, it may be worthwhile to deal with a landlord for a while.”
http://www.smartmoney.com/personal-finance/real-estate/to-rent-or-to-buy-9687/
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
Homeowners are really screwed if something breaks down in the house and it’s a major expense. Without a job, the repair will not be made. Six years ago, the heating system went in my house. I had to pay outright for it and it was tough. Had I been renting this house that would have been the landlords responsibility.
As property values spiral downward homeowners are taking a beating finically and some are dealing with high interest mortgages. That’s a bad combination and well there is no end in sight. I’d rather be renting here, all the bills associated with owning a home locally are comparable to the rents.
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
So you get those advantages plus the existing advantages of buying over renting. However if you knew you could lose your job and losing it would require a re-location to find new work then renting may be a better choice.
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
