Is It Better To Rent or Buy a Home Today?
Some Highlights
- A study shows that 70% of prospective buyers fear the long-term consequences of renting. And here’s why.
- Rent usually rises over time and that can make it harder to save up to buy a home. But when you buy, you can stabilize your housing expenses and grow your net worth as home values rise.
- While renting may be the less expensive option in some markets, it can’t match the long-term benefits of homeownership. What’s your #1 reason for wanting to buy?