Sunday, February 15, 2009 10:20 PM
Adam and Lisa Humphrey
Rent Vs. Buy?? - both sides of the fence
Buying a home entails costs more than what is reflected in your monthly mortgage payment. For some, buying is the right answer, but for others, renting is the way to go. Considering all of the costs and tax implications will lead to a better decision. As a Soldier, relocating has been a part of my life for over 15 years. Many Soldiers do not want to commit to a home if they fear that they could get moved and be upside down on their mortgage.
My entire thought on buying vs. selling is on the fence, as stated. What works for some will not work for others. ?? Why pay rent when you can own your own home?? Below is a rent vs. buy calculator: You can search on the web and find them everywhere so make sure that you research all avenues and be educated. Also, look into Suze Ormon. She is a international financial expert that tells it like it is on every aspect on finances including real estate. Thanks.
http://www.dinkytown.net/java/MortgageRentvsBuy.html#calc
Adam