Is it ever better to rent than to own?
August 27th, 2008 By Peter G. Miller
There are at least several cases where renting may be more attractive than ownership.
___ You will be in an area for a short period of time, say five years or less.
___ The local economy is bad and getting worse, employment levels are dropping.
___ Better returns with equal risk are available elsewhere.
___ Your future income will not be enough to support house payments.
___ You’re in the midst of marital turmoil (divorce).
___ Home prices are declining in the local market and further declines seem likely.
___The local population is declining.
___You can rent for far less than than the monthly cost of an equivalent property.
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