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

By Kristin Moran

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

September 15, 2010 07:59 AM

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!:

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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

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

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

Melissa Anderson

Be My Neighbor Mortgage - San Antonio, TX

Your Texas Lender

Best to buy if you can afford it.

Sep 15, 2010 11:12 AM

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

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

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

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

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Kristin Moran

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