Did anyone see the Today Show this morning? It was interesting to see their section titled ‘Is renting now better than buying?’
Watch it here – http://today.msnbc.msn.com/id/26184891/vp/39189272#39189272
I’ve been asked this question many times over the last few years. I feel there isn’t a definative answer and it certainly depends on individuals personal situations and goals. On the Today Show they summarised arguments on both sides as follows:
Reason to Rent
- Easy In, Easy Out
- Someone else will fix it
- Poor Credit
Reasons to Buy
- Record Low Mortgage rates
- Option to live in a nice neighborhood (schools, family)
I agree with their statements but think there are a lot more that have to be applied to either side dependant on the individual’s situation. If this is something you are thinking about, come and speak to us here at Cross Realty today. As we offer both rental property and real estate professionals for buyers/sellers, we are able to help you weigh up your options and give you the tailored support you need.
Let me know your thoughts on this debate!