Is it better to own or rent a home? Why?
by 
junebug0897
ANSWERS: 2
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Depending how much money you can afford to put down on a property. If you can pay a mortgage/ home loan off in your life time and you know that house is yours great but if you take a life long mortgage/ loan, and you know you'd dead before it's paid off then it's better to rent . The good thing about renting is that you can leave and move house anytime you chose .
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The choice you make depends on your individual circumstances, and location. In some areas, such as San Francisco, you would have to be very rich to own, and so would probably be better renting. In Cleveland, houses are very inexpensive, and therefore probably better to own than to rent. When the cost of renting is close to the cost of owning, owning is best. I don't like living in rentals, because the renter is always at the mercy of the owner.
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