It depends on your location. In some places home prices are actually down right now, so if you can afford to buy then go for it. It's better to pay a mortgage towards something you'll own oneday than pay rent on a house that's not yours.
As a General Rule, Its smarter to build up your own equity on being a Homeowner. Instead of putting your hard-earned money in renting. However, there are some things to consider: 1. The location of...
If you purchase a home you have to pay a mortgage which is a repayment of a loan you used to purchase the house. Paying rent is when you sighed a leasing agreement for an apartment you are renting.
A Rent to Buy or Rent to Own scheme can be quite creative and there is more than one way of doing it. Basically it is what it says: You rent and have the option, not the obligation, to buy the house...