Best answer

Thereno single answerto the question 淪hould I rent or buy?? Your solution depends on where you live,whether renting or buying an equivalent home is cheaper,and on additional assumptions you can include in your analysis.

People also ask

  • Is it better to rent or buy a home?

  • Renting a home comes with a lot of flexibility and freedom that attractive to nomadic souls as well as those with savings that are slim to none. On the other hand, buying a home can be liberating and, at the same time, stabilizing.

  • Should you rent or buy a home in 2018?

  • Should you rent or buy a home? Prices are surging in both cases, which makes it complicated Home prices are rising faster than rents, which is shrinking the affordability gap between being a homeowner and a tenant.

  • Should you rent or own your own house?

  • If you are clear about your requirements, it becomes easier for you to decide. If you are going to stay at a particular location for a very long period, say 10-20 years, it makes sense to have your own house if you can afford it. You can compare your rental costs versus EMIs.

  • Should you buy a house based on the market?

  • Never buy a house based solely on the market. Buy when you檙e financially ready. Even if you檙e financially ready to buy a home, you should still be sure your heart is in the purchase. So, before you make your decision, consider the pros and cons of buying a house. Every payment brings you closer to owning the house.