Time to discuss the age-old question of renting versus buying, again.A recent study has examined the financial aspects of purchasing a home versus renting. The study examines the relationship between investing in stocks and bonds versus the build-up in equity that occurs when you purchase a home.
It found that the two are financially relatively equal. They examined in detail 23 different markets across the country. In 20 of those 23 markets it made much more sense to purchase rather than rent. This allows you to control your housing expenses protect yourself from rising rents. With a mortgage you have a fixed housing expense. Plus you get the benefits of building equity, and how can you put a price on being a homeowner?