Mar 25 2010
Should you ever rent instead of buy?
Does it ever pay to rent instead of buy a home? It turns out that sometimes the answer is yes, renting is preferable. Suze Orman has written several articles about the pros and cons. In The Buy vs Rent Decision she discusses the true cost of ownership and whether you can afford to buy.
Here are two calculators which you can use to compare the cost of renting to buying.
Buying vs Renting Calculator by GNMA: Government National Mortgage Association, better known as Ginnie Mae
To Rent or Buy Calculator at SmartMoney
