Rent vs. Buy Decision More Than A Question of Affordability
…For a growing number of those seeking shelter, the affordability component of the rent-vs.-buy comparison takes a back to seat to finding housing that accommodates their lifestyle.
“For decades, Americans have scrimped and saved in order to buy that starter house and begin accruing equity. But do the same benefits of home ownership apply in every situation?” asks Dima Deych Marketing Director at Mayo Group, a Boston, MA-based real estate investment, development and management company.
Deych says there are a host of considerations beyond affordability shelter seekers should consider before they buy or rent.
Check out our helpful video to follow the adventures of Bob and Sally as they learn about renting versus buying a home.