To buy or not that is the question
There has been a movement of late where today's young people have decided against buying and have decided to rent. There are some compelling reasons that support this thought process however buying a home is still a better option then renting.
There is one truth that there is no way around and that is the fact that you are literally throwing money away by renting. If you are paying $2000 per month to rent and the house you are renting appreciates 10% over the time that you are renting you get absolutely nothing other than the bundle of rights you are entitled to as a tenant. If you are purchasing that same house and paying $2000 per month you are entitled to the 10% appreciation.
Now keep in mind that if you are renting you don't have to worry about taking care of the maintenance and home care that you do when you are the homeowner. So although homeownership is great you do have to be careful, buying any home is not the answer. That being said in my opinion you won't find a better way to spend your money.
James Johnson
The Broker
CalBRE#01368706
Nevada#S.0183542
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DeleteFirst of thank you for a helpful post. I totally agree with you buying a house is a better option than renting. Buying a Buying a house in Winnipeg is not easy. But jenniferqueen team helped me in buying a beautiful home. I waiting for some more helpful post in the future.
ReplyDeleteThank you for your comment and congratulations on buying your home! I wish you many years of happiness in your new home
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