Before rushing out and putting a down payment on a house, take a quick glance at the pros and cons of buying as against renting a home.
There are cases where home renting might be better.
1. If you are going to be in a place for just a short time, you may want to rent. Unless of course the market goes through the roof in a brief time, your appreciation in a house could be eaten up by buying and selling costs.
2. If you live in a place where rents are cheap and appreciation of housing price is low, you might be better off renting and putting your money in something other than a house.
3. If you depend on a superintendent to fix your apartment and can never do it yourself, home ownership is not for you. But most individuals think the advantages of buying far outweigh those of renting.
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