Should I Rent Or Should I Buy?
March 2nd, 2010 at 2:51When it comes to deciding between renting and buying most experts agree buying a home can be a good long term investment. But that isn’t true for everybody.
Depending on your situation, renting can sometimes be the answer for you. But the fact of the matter is, the opportunities for first time home buyers in today’s housing market are very difficult to resist. This is a buyer’s market like we have not seen in many years. So that gives you a good reason to consider buying rather than renting.
In this article called In Today’s Economy – Should You Buy Or Rent Your Home? author Alexandria Anderson gives some reasons why buying is often better than renting.
As the author says, when you buy, “you will have the wonderful thing called equity from all the payments you’ve made towards owning the home. If you choose wisely in an appreciating market…you will also gain the value of appreciation of your home….it’s like free equity!”
In spite of all the doom and gloom, with today’s prices at bargain-basement levels there has never been a better time to become a home owner.
Tags: buying a home, Buying in Kitchener-Waterloo, fist time home buyer, rent or buy, renting