Tag: Renting

Posted on 08/09/2020
To Rent or Buy: What to Consider
Photo by Athitat Shinagowin via Shutterstock You’ll often hear it stated that paying rent is throwing money down the drain. As a motivation to buy a home, however, that might not be the best idea. A rule of thumb is that if you can purchase a home for fifteen times what you currently pay annually in rent, buying...
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Posted on 12/01/2019
Should I rent or buy my next home?
Photo by Mohamed Hassan via Pixabay For years home ownership has been the American dream, but, according to the Pew Research Center, a higher percentage of us are renters than at any other time in the last 50 years. Is that a bad thing? Not necessarily. For many people renting may be the right choice. Every individual and...
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Posted on 06/16/2019
Thinking About Renting Versus Buying - Intangibles
Dollar for dollar, you might determine that in this year, at this time, buying might be more to your advantage than renting. Alternatively, the numbers may show the opposite: that renting will save you money this year over buying. Given the conventional wisdom that buying is better on the one hand with your bottom line on the other,...
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Posted on 10/22/2018
Getting Started on Your Down Payment While Renting
It can be difficult to find the extra savings to put towards your first home as a renter. With rent and utility prices rising, most people’s paychecks are leaving them with less and less savings at the end of the month. Buying your first home, however, can be a great long-term financial decision. It will help you build equity,...
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