11/04/2025
One of the oldest debates in real estate: Rent vs. Buy
There's no one-size-fits-all answer. This all depends on your goals, but the summary of it is:
Renting: You have the flexibility. You want to leave? You can leave asap (with proper notice). An appliance breaks? That's the landlord's responsibility. BUT, that rent money? All went to pay off your landlord's mortgage. You don't get equity.
Buying: You're building equity. You own a tangible asset. BUT, you'd have huge upfront costs (down payment, closing costs, etc.). Everything in that house is your responsibility. An appliance breaks? There's no landlord to call. That's on you to fix/replace.
Whether you choose to rent or buy, there's no wrong answer, just a wrong strategy for your goals.