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The best way to look at the debate is this – no matter which option you go with, rent or own, you are paying a mortgage. It just depends on whether you are paying your own mortgage or someone else’s mortgage. In my opinion I would rather pay my own mortgage than cover someone else’s expense and let them get all of the benefits in the future.
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The MG Group Blog. Weighing in on the rent-vs.-owning debate. July 26, 2019 mario Uncategorized. Debating whether to rent an apartment or buy a home in Chicago? The latest rental data from Apartment List might help you make up your mind.
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I wrote The Great Rent vs. Own Debate over an exchange of comments on one of Rain City Guide’s post where I stated something along the lines of "owning a home is an automatic savings plan for some borrowers". I still believe this to be true based on what I’ve seen in my past seven years as a Mortgage Consultant.
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I’d like to buy a home (my first) in upstate NY, but also keep my NYC apt I’m renting. Will this make it more difficult to get a loan? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
The Great Housing Debate: Buying vs Renting With the tide in the market shifting and homeownership levels at 50-year lows, one could assume that changing financial considerations dictate that the average consumer would have a greater incentive to rent.