Comments on: You Be the Judge: Rent or Own? http://www.debtreductionformula.com/blog/renting-or-owning/ Reduce Expenses + Increase Income + Discipline = Get Out of Debt Fri, 14 Oct 2011 01:06:08 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: 5 Reasons Why a Home is (Still) a Great Investment. | Simple Debt-Free Finance http://www.debtreductionformula.com/blog/renting-or-owning/comment-page-1/#comment-45475 5 Reasons Why a Home is (Still) a Great Investment. | Simple Debt-Free Finance Thu, 18 Sep 2008 18:03:12 +0000 http://www.debtreductionformula.com/blog/renting-or-owning/#comment-45475 [...] over at the Debt Reduction Formula blog asks the age old question of Rent or Buy. He’s looking for opinions on a specific scenario - a choice between buying house A or renting [...] [...] over at the Debt Reduction Formula blog asks the age old question of Rent or Buy. He’s looking for opinions on a specific scenario – a choice between buying house A or renting [...]

]]> By: Natasha http://www.debtreductionformula.com/blog/renting-or-owning/comment-page-1/#comment-42490 Natasha Sun, 31 Aug 2008 06:42:03 +0000 http://www.debtreductionformula.com/blog/renting-or-owning/#comment-42490 This is a bit off topic. I am very new to these finance blogs. A question. If a person inherits a property. There is no morgage. Would it be better to sell the house and save/invest the money and rent? Or would it be better to keep the home and save on the extra income recieved. This is a bit off topic.

I am very new to these finance blogs.

A question.

If a person inherits a property. There is no morgage.

Would it be better to sell the house and save/invest the money and rent?

Or would it be better to keep the home and save on the extra income recieved.

]]> By: How to Decide Whether to Rent or Buy | Debt Reduction Formula http://www.debtreductionformula.com/blog/renting-or-owning/comment-page-1/#comment-16207 How to Decide Whether to Rent or Buy | Debt Reduction Formula Thu, 24 Apr 2008 18:28:50 +0000 http://www.debtreductionformula.com/blog/renting-or-owning/#comment-16207 [...] couple weeks ago I offered a hypothetical renting vs. buying scenario and asked you to vote on which option was [...] [...] couple weeks ago I offered a hypothetical renting vs. buying scenario and asked you to vote on which option was [...]

]]> By: Autumn Beck http://www.debtreductionformula.com/blog/renting-or-owning/comment-page-1/#comment-15062 Autumn Beck Fri, 18 Apr 2008 21:58:53 +0000 http://www.debtreductionformula.com/blog/renting-or-owning/#comment-15062 Maybe I missed it but the #1 question is whether or not you have debt. It certainly is the better choice to rent until you are debt free but not the popular one. We all know how even the most frugal people overspend on their newly bought home. Having debt and buying a home is risky, it's only a matter of time before something breaks! Maybe I missed it but the #1 question is whether or not you have debt. It certainly is the better choice to rent until you are debt free but not the popular one. We all know how even the most frugal people overspend on their newly bought home. Having debt and buying a home is risky, it’s only a matter of time before something breaks!

]]> By: Becky Belnap http://www.debtreductionformula.com/blog/renting-or-owning/comment-page-1/#comment-14880 Becky Belnap Thu, 17 Apr 2008 21:10:05 +0000 http://www.debtreductionformula.com/blog/renting-or-owning/#comment-14880 As you have shown it without other info, I would rent say rent. But that is only because in our situation we have enough kids that even though we can itemize on the taxes, we don't because our personal exemptions throw us over the top to no tax anyway. We need the space, not the tax deduction. The main things to think about are: 1. Length of time before next move. 2. Property value trends in your area, both long term and short term. 3. Do you like the neighborhood? Are there good schools and kids of a similar age to your own kids. Do you like the house and can see yourself living there? 4. What type of loan can you qualify for? 5. Would you rather be closer or further from family? Some people NEED the space. As you have shown it without other info, I would rent say rent. But that is only because in our situation we have enough kids that even though we can itemize on the taxes, we don’t because our personal exemptions throw us over the top to no tax anyway. We need the space, not the tax deduction.

The main things to think about are:

1. Length of time before next move.
2. Property value trends in your area, both long term and short term.
3. Do you like the neighborhood? Are there good schools and kids of a similar age to your own kids. Do you like the house and can see yourself living there?
4. What type of loan can you qualify for?
5. Would you rather be closer or further from family? Some people NEED the space.

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