The pressure to buy a home rather than rent can be overwhelming. Yet few realize that renting can be not only a more economical option but also a logical choice. Research has found that people who rent can save about $560 every month over buying a house. The same study noted that a house is a depreciating asset and offered the example of investing in a $100 house in 1985. The study found that it would be worth $293 today, whereas the same $100 invested in stocks would be worth almost four times as much at $1,146.
From renting beautiful apartment buildings to a single-family house, renting really can save you money. One study estimated that almost 20% of house buyers could have saved money by renting instead. Another Harvard University study noted that “renting made better financial sense than owning” (more…)
05 Jan 2016