Recently, the blogosphere has been active with debates centered around the value of owning a home versus choosing to rent in the current economy.
Regardless of which side the debaters take, the dialogue itself reveals how personal our ideas about homeownership can be and how significantly it factors in our lives.
As these online discussions reveal, life stages, financial situations, and lifestyle preferences are all factors that people consider when deciding to rather to rent or own.
People who may be moving within a few years may want to consider renting as an option, until they’re ready to settle down in a specific community. However, as individuals take steps toward raising families and growing a nest egg, homeownership tends to be the first rung on the ladder toward the goal of building long-term wealth.
Take a look at some of these online blogs for perspective in the ongoing debate.
Check out:
www.thedailymiddle.com/2010/08/19/the-eternal-question-rent-or-buy.html
and also:
www.freemoneyfinance.com/2010/08/should-you-rent-or-buy.html