Tag Archives: homeownership

rental

Is Renting Replacing Home Ownership?

While homeownership rate in the U.S. has risen slightly since attaining a 50-year low in 2016, it’s at a generational low at 63.7%. Consequently, more people are opting to rent instead of buying their homes recently compared to the past.

Whether you choose to rent or purchase your residential place is a huge decision. It doesn’t merely influence the amount of money you have left end month. You’ll discover it affects the savings you accumulate over time and your lifestyle as well.

People purchase homes when they’d be better off financially if they rent. Similarly, people opt to rent because of the minimal responsibility and flexibility this option offers even though they’re likely to amass a bigger net worth over time if they purchased a home.

Of the two choices, the bias frequently leans toward ownership. After all, it’s a huge business for everybody from real estate agents to mortgage lenders and home improvement stores.

Nevertheless, homeownership isn’t generally better than renting, nor is renting simpler than ownership. Here’s a list of reasons why more Americans are opting for rental communities instead of ownership.

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rental

Does Renting A Property Suit Your Needs?

Purchasing a home is a major step and while homeownership provides several advantages, renting can be just as beneficial.

When making the decision to rent, you must consider two wide categories of factors. The first category represents the economic elements of your decision while the second is a set of emotional and personal factors, which play a significant role despite being intangible.

If you’re wondering whether renting is the suitable option for you, here are signs that you should rent.

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home ownership

The Benefits Of Ownership Over Rental

The decision whether to purchase or rent the place in which you’ll live is a major one. Bear in mind that it doesn’t merely affect the amount of money you have left at the end of the month; it affects your lifestyle and the savings you accumulate as well. Here’s a list of benefits to help you decide whether homeownership is sensible.

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