Renting is Not Throwing Money Away
I bet you $100 that you’ve been trained to think that renting is throwing away money. Why pay rent when you could take out a mortgage with monthly payments equal to your rent and build equity in your home? Historically, buying a home is the thing to do – everyone has one and it is often viewed as a pillar of success. Oh - that person bought a home? They must have their s*** together.
Are You Really Ready To Be A Homeowner?
Thinking about becoming a homeowner? Buying a home is a major financial decision. It is one that evokes many positive emotions, such as security, the transition to adulthood, and the pride of ownership. On the negative side, a recent survey reported that buying a home ranks as one of the most stressful financial events. For new families, a home and its corresponding mortgage will likely be the largest asset and liability on your balance sheet.
Renting vs Buying a House: Use This Framework to Figure Out the Right Answer
You’ve heard renting is throwing money away and a house is always a good investment. But is it true?
The answer is it depends — and today, we’re giving you what you need to get to a solid recommendation on what’s best for your personal situation.
The “renting vs buying a house” debate is one almost everyone has, and there’s no one, easy answer because, no, buying is not always better than buying.
For more on owning a home, check out Good Financial Reads: For Homebuyers and Homeowners.
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.