home buying: Why rent when you can own a home now...... - 08/25/08 03:09 AM
Had a question this morning regarding buying vs. renting and thought I would give a few logical reasons for buying a home as opposed to renting one.
1) A home tends to increase in price over times so this is one of the best investments a person can make without too much risk. A home can increase in value 3-6% every year. Even if it didn't appreciate, you could still sell it and recoup some of your expenses, where as if you were renting when you move, your money is gone and you will be lucky to get your deposit back in … (10 comments)