There are millions of young people around the world that are struggling with this idea. They do not know if they should buy a home or if they should go out and try to rent for a long period of time. For each and every person, there situation is unique. You need to look at what is right for you financially. Buying a home can lead you to building equity but it requires a large down payment up front.
- There are a lot of young people out there that are struggling to be able to buy a home.
- Buying a home is something that can be really scary for some but it can save you lots of money down the road.
- Many people rent because they do not have the capacity to save enough money for a down payment.
“Weighing the rent-versus-buy decision? Both have upsides and drawbacks. Ultimately, the answer depends on multiple factors, including your finances, your long-term plans and the real estate market in your area.”