Rent or buy: Sometimes it's better to rent

Rent or buy: Sometimes it’s better to rent

My life as a tenant is well known to my colleagues and friends. And while my previous attempts at rent negotiations (opens in a new tab) didn’t work out, I ended up moving to a different (and larger) unit in the same complex at a cheaper rate. However, as I watch my friends go through the home buying process, it makes me wonder if I am wasting my money and the wealth building potential of owning a home.

Personal finance experts have long argued that homeownership is a key step to creating lasting wealth. (opens in a new tab). A home is an asset that typically increases in value over time, and buyers also benefit from leverage: you can borrow up to 80% of a home’s value, or even more with a low-cost loan. downpayment.

#Rent #buy #rent

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