A personal overview

Sat, 03 Dec 2011 15:40:00 GMT

Renting Vs Buying

“If you rent, you’re throwing away your money!”

tensioned concrete used to transfer the load from a structure through an upper (weak) layer of soil to a stronger, deeper layer of soil.

...Its just common logic that dictates buying is better. After all, you’re building equity, instead of wasting your money, right?

Of course many factors can and do play a factor in the result of this decision:

o $1500/month The results were as follows:

o For this option to perform as well as the rental option, the

appreciation per year on the property needs to be at least 2.37%. o Total appreciation of the property would need to be at least 7.3%

(with principal repayment, less 5% to market the home)

• Summary:
o If the value of the Purchased home increased by more than

$21,803 (7.3%) in 36 months, purchasing would be the better

financial option than renting.
• Note: All financial information and findings were generated by canadamortgage.com

As with any decision in life, it is always best to educate yourself on the issue at hand, and not follow just suit with traditional logic.

I wish you success on either endeavor, and please post if you have any questions.

Renting VS Buying!