Buy vs Rent a Home: An Example

Buy vs Rent a Home: An Example

In Part 1 and Part 2 of this article series we looked at some of the financial and non-financial considerations for buying versus renting a home. In this Part 3, we wanted to explore the generally stated concept that renters are worse off than homeowners. Is this automatically the case? To begin, let’s make a few assumptions: We have two individuals, one who wishes to buy, while the other wishes to rent Both have the same financial resources

Buy vs Rent a Home: Financial Considerations

Buy vs Rent a Home: Financial Considerations

In Part 1 of this article series we looked at some of the general points about buying versus renting a home. If, however, we wanted to look at it from a strictly financial perspective, how could this be approached? Metrics We try to use two metrics when trying to assess if rental rates or house prices are reasonable, which can therefore help when deciding whether renting or buying is more beneficial. The major problem with trying to

Buy versus Rent a Home

Buy versus Rent a Home

Deciding whether to buy or rent a home is a big decision, and we’re sure you’ve heard that renting is throwing money away, or some variation of this statement (e.g. when you rent you are only paying the landlord’s mortgage). In this three-article series we’ll examine various aspects of buying versus renting. You’ll discover the “right” answer would vary by personal preference and a mix of financial and emotional arguments. Firstly, let’s explore some of the general

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