Renting vs. Purchasing a Home

The decision to rent a home, rather than buy one, is complex but comes down in favor of renting. In addition to a credit shortage, buyers are skittish about investing their money in what seems to be a losing proposition. After all these factors are considered, the thriving rental market is no surprise.

The decision to rent a home, rather than buy one, is complex but comes down in favor of renting. After the housing bust, homes are much less expensive than they used to be, but credit for purchasing a home is harder to find. In addition to a credit shortage, buyers are skittish about investing their money in what seems to be a losing proposition. Baby Boomers, who do have more assets than their grandchildren in Gen Y, are no longer interested in the upkeep associated with large homes. Gen Y, entering the...
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