Renting vs. Buying
This has been a huge debate for years, should you continue renting or try to buy something. You can argue for each side.
With renting you typically pay less per month and aren’t liable for the property taxes or insurance. In addition if something goes wrong with the property you are not financially responsible to repair it. However you do not owe the property and are basically paying someone else’s mortgage for them. You are not able to make any changes to the apartment without at least the owners consent.
If you buy then you own a property (what mortgage can you afford?) and are building equity. It typically costs a little more than renting. However it is going into your equity in the home. Also it is your property for you to change as you see fit with nobody to answer to.
Only the individual can answer the question them self if its better. It comes to the cost and whether the house you are buying is worth it.
