Q&A: Is it safer to rent?

Sure, renting means you aren’t trapped in one place, as you are with homeownership. Yet for John Wellman, General Manager of Windermere Wall Street,” rent money goes into your landlord’s pocket without allowing you to build any equity over time. That’s kind of scary.” He estimates that by paying about $100 a month more, many renters could own their own home—and receive tax deductions. If in doubt, use a rent vs. buy calculator to crunch the numbers and see whether it’s renting or buying that wins out for you.

Rent vs Buy Calculator

Posted on November 4, 2016 at 17:16
Brandon Sturgis | Category: OWN | Tagged , , , , ,

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