Should you rent or buy a home? This is a question many have asked themselves over the years. With the housing market crash, the answer may have changed for many. The housing market is improving, rates are low and defaults are dropping. Here are some considerations if you’re having this debate yourself.
If buying a home is right for you and your family, buy what you can easily afford. Doing so increases your quality of life and reduces stress. The size and cost of our home is a fraction of what’s considered normal these day and it has made all the difference for us. We’ve maintained our budget, while saving for retirement and traveling the world. If we were house-poor, things would be much different.