Look if we just look at the non financial part of it...renting is always prefered as whatever home you buy..in 20 years time one's need would definately outgrow the home which one bought 20 years before..staying on rent you can always choose to stay in any location/size any time.now you cannot buy a home every time..but by renting you can always have the freedom to choose property based on your current need..and looking it from an investment perspective you can put your money in any investment option based on your risk potential..to cover your future needs..there are many people who have bought homes and to find that after 2 years that the place has become too crowded..it is different perspective but think over it...
RE:Why renting is good
by Vikas Singhal on Apr 30, 2007 06:58 PM Permalink
Also if you are transferred to another location in your job, say 5 years down the line (even if you are in a non-transferable private job), then a distress sale of the house will ensue. This needs to be considered.
