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Rent vs Own

To rent or not to rent…that is the question! This debate is becoming more and more popular as many people sit on the fence of home-ownership, wondering whether renting or owning is the right thing to do financially. Even though many people would love to own, unfortunately they’ve been misinformed as to their ability to do so.  The good news is that I’m not here to try to get you to buy a home. On the contrary! I want to share some cold hard facts and the math behind the age-old question of “Should I rent or should I buy” in order to help you make an informed decision. What are the barriers to owning a home? The barriers to home ownership fall within two main issues (a bit like a duel-edged sword): credit and personal decision. Myth-busting the Monthly Payment Right out of the gate, I’d like to tackle…