We talk about the pros and cons of buying vs renting a home.
Pros:
- Building wealth through equity
- Low mortgage interest rates
- Freedom to renovate and modify your house as you see fit
- No surprises in rent prices
Cons:
- Less flexibility to move
- Significant asking price
- Home expenses like repairs, maintenance fees, and insurance
Owning your home used to be the practical choice, but this is no longer the case. What changed?
