GotApex? Forums - View Single Post - Financially smarter to rent vs. borrow for a home?

DarkFury · 04-18-2004, 12:31 AM

Renting is ONLY a better idea if a) decent housing in your area is WAY above your ability to pay or b) you haven't decided to live in that place for a set period of time (over 5 years I'd assume) and you want to keep your options flexible.

Other than that... you can't go wrong with owning real estate. Plus... with rent, all you are doing is paying someone else's mortgage (and not seeing any of the benefits from it...)

04-18-2004, 12:31 AM	#7
DarkFury Secretary of the Navy Join Date: Feb 2001 Location: Chillin' N Da 'Hood Posts: 34,997	Renting is ONLY a better idea if a) decent housing in your area is WAY above your ability to pay or b) you haven't decided to live in that place for a set period of time (over 5 years I'd assume) and you want to keep your options flexible. Other than that... you can't go wrong with owning real estate. Plus... with rent, all you are doing is paying someone else's mortgage (and not seeing any of the benefits from it...) __________________ DarkFury's Pimptopia - Don't Hate the Playa, Hate the Game! Home of the Original OG Pimp (accept NO imitations)