Should i rent an apt./house or buy a house?

Question

Should i rent an apt./house or buy a house?

Answer 1

Use this calculator to determine whether it is a better financial decision to rent or to own a home. Before you use this calculator for the first time, please read the instructions below

Answer 2

You should buy a house if you know you will remain in the area for more than a few years. You not only build equity in the home, but you will have a tax deduction on the interest and tax payments. Most of all you will have control and freedom to do whatever you want and know your monthly payment will stay the same (except for taxes)and that you will never be forced to move. Home ownership is a valuable asset.