buy vs. rent
What are the pro and cons of renting a house/apartment vs buying one? What is the financial tipping point, and what should one based his/her decision on?
What others say:
What are the pro and cons of renting a house/apartment vs buying one? What is the financial tipping point, and what should one based his/her decision on?
What others say:
chanw thinks that rent is better than: buy because: Don't buy banks are crooks. plus they want 30%
submited: 12/22/2010 3:05:21 PM
mike thinks that buy is better than: rent because: there are formulas to calculate what makes more sense financially, however, I would alwas rather own, unless I know I will move soon. I like the fact that you can do home improvements and make your place really yours.
submited: 7/8/2009 6:48:13 AM
stoop thinks that rent is better than: buy because: You aren't bound to one place and needn't worry about mortgage and falling property prices, plus when you own it also costs you a lot for maintanance, taxes etc., so buying is not much cheaper than renting.
submited: 6/30/2009 2:48:40 PM