Catheryn Small: Ownership! You can use the funds you have paid into taxes, escrow, interest for credit on your taxes... you actually have property in your name... with renting your literally throwing money away...
Andrew Sinatra: Home ownership has it hands down and anyone who tells you different is a self-serving liar.Why else would so many people own homes? Even in addition to the lost equity, laws in recent decades do nothing to support a tenants rights. A tenant can be evicted without cause in a short time. Large deposits are taken and kept because of normal wear and tear. However, also to be considered is where you will be able to buy compared with where you can rent. It is relatively easy to rent, but to buy or sell is more involved. If you can swing it take the plunge! Join the human race!...Show more
Joaquin Dronko: Not true for every person in every circumstance. A home can be a kind of anchor, tying you down both on a day to day basis (yard work, ! maintenance, and so on) and on a long term basis (you can't easily just pack up your things and move somewhere else). It also ain't necessarily so that you build equity...take a look at what is happening in the housing market today, especially where I live in San Diego. There are advantages and disadvantages to both. You have to decide what is best for you now....Show more
Riley Migl: A lot depends on how permanent you job is. Are you moving because of change in job location? There are many advantages to owning. The tax advantage is a big factor. Remember real estate is a commodity that usually goes up in value because there is a limited amount of it. It also gives you pride of ownership.You will feel much better about something that will eventually belong to you. You can also sell for a profit in most cases....Show more
Carlton Lastrapes: Renting is better-you can move anytime without having to sell the house-but if you are working on settling down, and you can! come up with enough money for a down payent, owning is better! .
Lashawn Zabarkes: i dunno both can be good and both can be bad
Keneth Mailhot: Yes! We are buying a house and the payments are less than rent on an apartment. What a waist of money! Renting that is.
Barton Slisz: In the long run, home ownership hands down. I don't care what anyone else says. Home ownership.
Annabell Bevier: I think that home ownership is so much better because the home is yours. Where as if you were renting that is just like giving your money to someone else and you never get to actually call the home yours.
Dominic Sciancalepore: There is no question: Ownership is ALWAYS better than renting. The key is in finding a property you can afford that won't stretch your budget too thin. Step 1 is to contact a mortgage lender to find out how much house you can afford to buy. Step 2 is to consider whether your payment is tolerable at that level, if not, adjust downward. Step 3 is to hire a Realtor. After 2 years, you can use t! he equity you build to buy down your mortgage or to buy investment property to generate a cash flow....Show more
Jene Kostyla: Buy a home by all means if you can you are foolish to throw money away on rent aand taxes are deductable too
Rodrigo Pezley: what's better rent receipts or equity that accrues more money and tax deductions should be your question here.
Derrick Cacioppo: The best asset that you can have is your home. It allows for tax breaks, builds equity value, gives you pride-of-ownership and establishes credit rating. In the long run, the value in a home will increase at a rate equal to or greater than the inflation rate. And you can always use the equity in your home to get loans for future investments or for schooling.
Luke Creitz: owning your own home for the tax breaks
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