Best answer


Real estate ownership is touted as an investment that is likely to build equity and a source of tax deductions. Renting also has its advantages,including little to no responsibility and flexibility. However,people often believe thatbuying a home,rather than renting,is the more financially sound decision.

People also ask


  • Is it better to rent or own a home?

  • However, it’s important to remember that owning a home isn always better than renting, and renting is not always as simple as it seems. Consider the pros and cons of each to figure out whether renting or owning is best for you.

  • Should you rent or buy your first home?

  • Choosing to rent or buy your home is a major decision that affects not only your lifestyle but also your financial health. Real estate ownership is touted as an investment that is likely to build equity and a source of tax deductions. Renting also has its advantages, including little to no responsibility and flexibility.

  • Is owning a home right for You?

  • Owning a home offers more stability, and potentially more financial benefits, for homebuyers who plan to live in an area for an extended period of time. 2) How much can you afford?

  • Should you stop renting and buy a house?

  • And you檙e wondering if you should stop renting and buy a house too. Your dog wants a yard, your kids want a playground, and you wouldn mind a garage and an office. There only one problem: You aren sure you can afford it. Hold up! Deciding whether to rent or buy always comes down to what you can afford.