In the topsy-turvy world we're living in the monthly cost of renting a home is far more than it is were one bought with a mortgage.
But because down payments can't be saved, many Americans are between a rock and a hard place!
Read more at LI here.
1 comment:
Real estate is not an investment unless the appreciation rate is higher than the mort. interest rate. A mortgage is an advantage over rent in that the monthly payment is fixed. In a poor economy renting is a more flexible position in case of moving to a new location for a job. A house/home should be considered a commodity not an investment.
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