Why rent when you can buy? Yes, when renting you don’t have to worry about maintaining your own house, and fixing if it breaks. However, one thing you are missing is that all your rent money are gone away to another person when paying rent. You aren’t able to invest into yourself because you have to pay someone else while living in their home.
Once you own a home, you still have to pay your mortgagee as you would pay your rent, however, when you pay your own mortgagee, you are building an asset because eventually the home value of this home may go up and you will be able to sell for much more you bought this home before.
This is just one factor that explains why buying is better then renting…Please check out the video that provides more tips on BUYING vs RENTING.