Homes: Rent or Buy?

Owning your own home: an idea so popular it's known as the American dream. But as prices fall and foreclosures rise, for many it's become a nightmare instead. How do you know whether renting or owning is the way to go?

Category:

News & Politics

Tags:

• news
• money
• talks
• consumer
• finance
• personal
• save
• mortgage
• house
• homes
• rent
• buy
• foreclosure

[AllPro777]

@flagship21

I paid cash for mine. Fuck the banks.

[Lughnerson]

What about land taxes and maintenance? Average taxes $3/year, for 10 years is $30,000 if they don't go up. What about if undesirables move into the neighborhood. Unless you pay cash I am not convinced it is a good investment.

[BMWg84]

Rent your personal residence and own rental properties.

[jvolstad]

Better deals? Three years later and things are getting worse.  Oh Well.

[shakaama]

@ActionFigureReview and you're a troll. thanks for playing?

[ActionFigureReview]

@shakaama your a nut!

[shakaama]

@DJNAMIX noone ever talks about, when saying rent vs buy, buying a home for their family. they always couch the argument in a very selfish me me me, you you you term. i.e. if YOU buy a home for YOU, you should only do it for 2 years blah blah blah, vs, pay cash for you home, since you've bene renting for 15 years, and want to establish a homestead that will remain IN YOUR FAMILY for generations. gee, never see that put forward. yet rich people don't buy houses biannually. hmmm

[flagship21]

Brain washed to buy a house to make Banks rich. 

[MrIncomeProperty]

@lilgirlsj rent forever please

[MrIncomeProperty]

@worshipthesock you need to look up the word hedging because renting is no such thing. it is simply paying for a service