Spring is home buying season, and many young people are grappling with whether it is best to buy or continue renting. Why buying a home still beats renting in 2017 | Fox News Fox News
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Renting vs Buying a House It seems like buying a home is the American Dream and it seems like everyone owns one – my parents both own their houses, my grandparents do, and I know a lot of other friends and family do as well.
The renting-vs.-buying question is not something that people usually ask and answer just once. This is a decision with many moving parts, and things change: Your down payment savings grow, you.
"Can you beat that in your area. Still, Mallouk contends, if you’re disciplined enough to take whatever savings you have from renting instead of buying and invest it, "you’re going to be in far.
If you can get those two things AND 3.) actually really like the house (i.e., it is something special not easily available through renting), buying is tough to beat in my opinion. Granted, it is tough to get all three. If I couldn’t have all three, I would rent for all the reasons you mention.
In recent years a high-rate savings account would beat most investments. Now rates are lower, but investing in buy-to-let means tying up capital in a property that may fall in value.
Tipping Point: When Buying Beats Renting in New York City. Of course, every New York City neighborhood is different and some of the more expensive areas of Manhattan and Brooklyn carry a much longer tipping point. On the whole, however, the majority of New York City neighborhoods are accessible to aspiring buyers in five years or less.
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No doubt moving from a high-tax state to a low-tax state can produce savings. For instance, a taxpayer in California who pays.