May 15th, 2014 2:46 PM by Leonard Silvestri
The home ownership vs. rental war is an age old battle that's been tossed about for generations. This article seeks to debunk the myths and deliver clear cut facts about home ownership vs. rental property. Read this article for a detailed evaluation of the benefits of being a home owner and how renting a home can actually costs more than buying one.The decision to buy or rent is really a choice between a) buying a home that you hope will appreciate in value or b) renting a home, spending less on housing (at least in the early years), and saving the difference in some form that earns interest, say as stocks or bonds, instead. Options (a) and (b) each have their associated costs net of benefits. The Breakeven Horizon between renting and buying gives the number of years you would have to live in the home for the accumulating net costs of renting to exceed those of buying.