Which “Plan”, renting or owning offers lower monthly costs?
In many locations rent is still affordable. In areas with large population numbers or a large amount of industry or technology it can be higher than a comparable mortgage, especially when you consider that mortgage interest and property taxes are tax deductible and rent is not. If your potential monthly mortgage payments are lower than your monthly rent, it might be time to buy your own house and enjoy the benefits of ownership vs. renting a home. • Which offers more value to you, the consumer? A new or used home is an investment one that can actually pay for itself over the course of many years. A rental property is an expense, a liability and offers the renter no value at the termination of the rental agreement. Home ownership allows you to build up equity over time, which can make buying a home a better value even though it might seem more expensive in the short-term. • Which offers more stability to you, the consumer? As a home renter, youre subject not only to rising rents, mainte
