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It depends on your location. In some places home prices are actually down right now, so if you can afford to buy then go for it. It's better to pay a mortgage towards something you'll own oneday than pay rent on a house that's not yours.

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Q: Is it better to rent a house or buy a house in this economy?
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Related questions

How do I decide whether to buy or rent a house?

It depends many factors such as money you have, consistent money flow, whether you are going to stay permanantly in that place etc. If you got good amount of money and going to stay permanantely in that place better you buy the house otherwise better you rent a house.


What exactly does homes rental mean?

In a nutshell it means a house that you can rent instead of buy. With the economy the way it is today, a lot of people are having problems selling their houses so they opt to rent it out instead.


Is it better to rent an apartment or buy a house?

If you buy a house, you can begin building equity and you have an investment that can be sold if you wish. Renting does not give you such benefits, but is nice if you need a short-term place to stay.


What is the coordinating ideas expressed is similar form?

They planned to either buy the house or rent the house.


In this economy, is it better to find housing to rent or buy?

Rental vacancies are at an all-time high (>8%), which has caused rents to drop in many places, but if you have the money and good credit, it still makes more sense to buy in general.


What is rent to buy?

This is a transaction whereby you first pay rent and if you decide to buy it, then the amount you paid in rent goes toward the purchase price. This is kind of like a mortgage but minus the initial down paymentA rent to buy scheme is where someone pretends to let you rent their house to buy, but they have no intention of actually allowing you to own it in the end.


Buying a house or renting a house?

If you can buy, definitely do that. That way instead of paying rent, you're paying off your mortgage. It depends on the relative cost of buying versus renting in your area. In many places it costs less on a monthly basis to buy a home than to rent one, but in some locales rent is very cheap compared to buying a house. In those places you might be better off renting and saving the additional money that would have gone towards the costs of buying. That money saved could be used to buy a better home at some point, perhaps in a cheaper city.


Is it better to buy a house or rent?

That question is really vague. It completely depends on your finances as well, how long you plan to stay there, and what the leases look like in each circumstance.


Did kendra wilkinson buy or rent her house in LA?

She bought it under a trust.


Is it better to buy a house or rent one?

That question is really vague. It completely depends on your finances as well, how long you plan to stay there, and what the leases look like in each circumstance.


Should I rent hand trucks for delivering appliances Or buy them?

If you are serious about the business, it will be better to buy purchase you hand trucks now if you can afford it. If not you can rent them for just now.


If you buy a house do you have to pay rent?

If you purchase a home you have to pay a mortgage which is a repayment of a loan you used to purchase the house. Paying rent is when you sighed a leasing agreement for an apartment you are renting.