Reply To: Home: Own or Rent?

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#750058
LeiderLeider…
Participant

Some analagy to leasing.

Is it better to lease a vehicle or to buy a vehicle? On a lease, you’re in essence paying “rent” for the car, as you would for a home. It’s money lost. As opposed to a purchase, where you’re investing in the car, which you can then keep or sell after it’s paid off.

Of course, a car decreases in value, whereis a home will increase in value (in most cases), but there is sufficient similarity to warrant some comparison.

Thoughts?