Homes For Rent - But Shouldn't You Buy Instead?

Here are some reasons why:

1. After taxes, your monthly payment is actually less after a year or so. Example: Say you bought a house with a $ 1,000 pay per month. A $ 800 per month, compare that to the cost of the rental. Deduction of interest you pay on your mortgage, you will be buying up the money and pay high payments!

2. You build equity and wealth. With home ownership, your payment that you're going to have a real asset. Now in house prices have gone up recently as they have in the past, but on average, prices tend to increase over time, the equity (what you owe on your home loan you deserve) to collect begin. A home is one of the best ways to invest in your future.

3. Better quality of life. No more landlords, security deposits, damage deposits have to worry about rent increases. You are in control - to install an above ground pool, or want to build a garage? No problem with home ownership, you have freedom.

4. Mortgage interest rates are at historic lows. In our generation we can not lower interest rates.

5. House prices are now very affordable. Home prices have leveled off or even dropped in some areas. It will not last forever, anyone who will tell you as real estate investments - now have a great time to buy a house.

With historically low rates, prices and profits, you really should consider buying a home.

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