Renting Versus Buying a Home

University Composition and Communication II Jamar Forks COM/156 November 6, 2011 Gregory Simon With the rightful(a) economy it is a relegate choice to rent an flatcar than buying a house. close to Americans have a dream of buying a stead. In straight offs economy, these dreams nuclear number 18 fall short for nearly individuals. With the continue economy falling and the superior unemployment rates, buying a home may not be a down-to-earth option. Today, m whatever people be caught in home mortgages that they no longer can afford. When permit an flatbed instead of owning a home, the renter has pecuniary earnest in that the monthly payments ar fixed for the term of the lease. With how things ar in the economy, contract an apartment is the better choice for Americans today because it is a safe financial decision, less expensive, offers flexibility and some(prenominal) apartments provide amenities at no additional costs. melt off an apartment is a somewhat safe decision in our actual economy. According to an give voice from The Guardian News, the unemployment rate in the United States was last subject field at 9 percent as of September 2011(Allen, 2011). nigh individuals that be employed are following up with a second job to unsex financial woes.

In may 2010, a survey was held by Harris Interactive for the National flatbed Association. The survey found that 76 percent of individuals believe that renting is a better option than buying in the genuine real estate market. This was an ontogenesis of 5 percent from the yr 2008. In the survey, 78 percent of individuals were homeowners. Just like both other investment, there are risks related with buying a home. Home prices are anticipate to decrease further, with some economists expecting a 15 percent to 30 percent drop in 2011. This could be bad countersign for household finances and current homeowners, but good parole for individuals renting apartments (National Apartment Association, 2010). rental an apartment today is more(prenominal) cost effective...If you want to secure a full essay, mold it on our website: Ordercustompaper.com

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