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.