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GUIDANCE FOR AGES 18-30: Renting versus Owning

GUIDANCE FOR AGES 18-30: Renting versus Owning

| June 20, 2017
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It is a new world today as it relates to real estate. Although rental rates continue to increase across the country, renting might actually be a better choice if you are not planning to stay in your home for at least 5 years. When making the decision to rent vs buy, the home price, your tax rate, current mortgage rates and how long you’ll stay in the home are all factors to consider.

We are seeing may young clients forego home ownership until well into their 30’s. This allows them to focus on building their career and deciding where they’d like to settle down without worrying about being upside down on a mortgage if they should decide to move before reaching their break-even point. In today’s world, renting is not a bad option, particularly if you think you might be relocating within 5 years.

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