The Buy vs. Rent Decision: Money Matters - Yahoo! Finance
The Buy vs. Rent Decision: Money Matters - Yahoo! FinanceThe Buy vs. Rent Decision:
House Rules: How to Decide If It's Time to Own Rather Than Rent
By Suze Orman
Home ownership is the greatest AMERICAN DREAM, is it not? But listen up, my friends: If you do not have a clue what it really costs to own a home, how much of a house you can truly afford, and if you are just plain capable of owning a home, I am here to tell you that your dream will most likely turn into your greatest financial nightmare.
Not that any of those issues has scared off anyone from diving into home ownership recently. Did you know that the percentage of U.S. households that now own, rather than rent, is at an all-time high? We have super-low interest rates to thank for that.
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