Rent vs Buy?
Rent vs Buy What makes more sense? If you are staying in a town for work or family or just because you like the location, this is how you know whether it is smarter to Rent or Buy. There are a number of opinions on the web. Zillow has an interesting take on it . They make some assumptions I wouldn't though. For example their analysis assumes a renter is currently investing their down payment money at 5%. I like to compare renting which generally covers maintenance, big repairs, sometimes utilities against the cost of owning with a monthly mortgage, property taxes, insurance, mortgage insurance and utilities. If the question is not one of flexibility and mobility then financially, if you pay $2,600 / month in rent it makes sense to buy a home and start paying off your own home instead of your landlord's rental. Other times you are money ahead by renting. Contact us if you are thinking of making a move. We'll help you think...
