Should You Buy or Rent?

Good morning Nathan. People should buy since the discipline of investment is beyond the capabilities and discipline of most! Enjoy your day!

Good morning, Nathan Gesner for those who "qualify," buying should be the number 1 option.... but unless the payment and entire financial picture is a comfortable one, renting would be preferable.....

If you are planning to stay for more than 4 or 5 years then buying tends to work out best in my experience.

Hi Nathan... no doubt understanding the financial aspects of renting versus buying is important. But we also need to layer on the top that calculation someone's personal needs and lifestyle, as well.

One of the leading places i am getting first time buyers is from those renting, the cost to buy including taxes, insurance and upkeep, was way less for nearly all the buyers compared to the rents they were paying and it was not theirs Nathan Gesner 

We have apartment buildings sprouting like weeds near our Uptown area that cater to Millennials who haven't had an opportunity to save & build credit. That said it's always better to buy & build equity rather than give your money to someone else.

People should make this calculation but also add in are they up to the responsibility and expense of home ownership.

Awesome question and not an easy answer as Michael Jacobs  would say, well it depends:)Endre

Buying isn't for everyone but it can be financially better. Many things are to be considered.

It depends on lifestyle and the need for mobility.  I love knowing I NEVER have to pay rent again since my home has been paid for for many years.  I do, however, have the ongoing expense of taxes, insurance and maintenance which is a definite consideration.  Still, long term, buying is the way to go IMHO.