Is it better to rent or buy? The Today show say's San Antonio is a great place to buy!

By
Real Estate Agent with Owner - RE/MAX Access - KristinMoran@Remax.net

Is it better to rent or buy?  The Today show say's San Antonio is a great place to buy!

I am sure we have all heard this question....the Today show answered it this AM calling your home your "piggy bank", and likening it to a 401k and a cheap investment. 

They do have very good opinions on why it's better to rent vs. buy, some being length you will be in the home and getting someone else to do repairs for you.  Some GREAT points on the buying side of things are the RECORD LOW interest rates and cheap money, I love it.....it's an "amazing miracle", I think i'm gonna use that one.

Here's the video & please note at the end, San Antonio is the #5 spot for best places TO BUY!:

 

 

Visit msnbc.com for breaking news, world news, and news about the economy

Posted by

Kristin Moran

Specializing in San Antonio & surrounding cities
-------------------------------
RE/MAX Access - Realtor®/Owner

KristinMoran@Remax.net 210.313.7397 www.SistersThatSell.com

Buy a home from me, use the truck to move for free!

 

                

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Ambassador
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Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

These guys makes some great points for both buying and renting, but the buying scenarios they go over make huge sense for those considering whether or not to buy ! It's a GREAT time ! Nice little video find Kristin !

Sep 15, 2010 08:36 AM #1
Rainmaker
271,985
Matt Stigliano
Kimberly Howell Properties (210) 646-HOME - San Antonio, TX

Kristin - I'm glad they followed up the "piggy bank" statement with "it's not an ATM."  That's one thing I always talk about when speaking with people about how we got to this market.  The mindset that our homes were nothing but giant ATMs was a very dangerous place to be and unfortunately, helped bring the housing market and economy down, while deepening our debt and raising our chances for finding ourselves "underwater" on our mortgages.

Sep 15, 2010 09:27 AM #2
Rainmaker
531,215
Kenneth Cole
Weichert Realtors Appleseed Group, 2043 Richmond Ave. S.I.N.Y. 10314. office phone 718-698-9797, Appleseedhomes.com... - Staten Island, NY
NYS Licensed Real Estate Salesperson

Excellent video.  Thanks for posting.  I like the part that after 20 or 30 years, the mortgage is paid off and you have equity to retire with, or  I my case, it's a lot cheaper than renting, because my mortgage payments don't go up, like rents will over time.

Sep 15, 2010 10:44 AM #3
Rainer
293,421
Melissa Anderson
Mortgage of Texas & Financial - San Antonio, TX

Best to buy if you can afford it.

Sep 15, 2010 11:12 AM #4
Rainer
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Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Kristin, 

Great info to share!  It's a huge decision for folks to figure out what makes the most sense (cents) for them!

All the best, Michelle

Sep 15, 2010 11:52 AM #5
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Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

K...

Interesting, but I wish that they had taken the time to say why!

Sep 15, 2010 02:42 PM #6
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John Cannata
214-728-0449 http://TexasLoanGuy.com - Frisco, TX
Texas Home Mortgage - Purchase or Refinance

Great video find Kristin. Sometimes I watch these videos that give tips on buying/selling and think 'way off'... but this was a good one.

Sep 16, 2010 04:55 PM #7
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Kristin Moran

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