rent: The Rental market in Miami
- 10/01/08 10:07 AM
As the economy downturn begins to bite hard into family life and businesses, there is one area that is experiencing an upturn. The rental market in Miami is beginning to boom amongst the doom and gloom of the economy in general. The reasons for this are mainly twofold. People who would like to buy a house a now finding it difficult to secure a mortgage in today's financial climate and so are turning to renting a property as a solution. However, those who have the credit available, or are cash buyers may be waiting until the housing market settles before they … (0 comments)
rent: To rent or not to rent?
- 01/19/08 10:02 AM
I always get questions from first time homebuyers about why buying is better than renting. My approach is the following: I think that almost always is better to own your home rather than to rent. After all, building equity and writing off your mortgage interest is one big advantage. And if you do things right, when selling you'll be eligible for one of the best tax breaks around (if owning your property for two or more years). But that doesn't mean that everyone should be a homeowner ( my honest opinion). For example, if you think your move to a place is short term and the interest … (0 comments)
As the economy downturn begins to bite hard into family life and businesses, there is one area that is experiencing an upturn. The rental market in Miami is beginning to boom amongst the doom and gloom of the economy in general. The reasons for this are mainly twofold. People who would like to buy a house a now finding it difficult to secure a mortgage in today's financial climate and so are turning to renting a property as a solution. However, those who have the credit available, or are cash buyers may be waiting until the housing market settles before they … (0 comments)
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