One of the biggest financial decisions you’ll ever make is whether to buy or rent your home. This decision can feel more important than mere numbers and ratios. After all, most realtors will quickly whisper in your ear “it’s not a house, it’s a home!”
Once you’re settled in a career and have some money in the bank, the idea of renting quickly becomes less appealing. Moving every few years is a pain, landlords raise rent, and you’ve always wanted a backyard for your concrete alligator collection! And don’t forget, if you owned you could paint the dining room that perfect shade of fuchsia…
As for the financials, even the President of the United States says it’s a good thing to own a home:
Today I’ve come to Phoenix to talk about the second component, which is the most tangible cornerstone that lies at the heart of the American Dream, at the heart of middle-class life — and that’s the chance to own your own home.
Continue reading Is buying better than renting? at Frugalwoods.