This month, in collaboration with ReadyForZero, I’m participating in the Smart Money Debate series. This debate will highlight the most controversial questions that relate to your money and how you spend it, to help you make good financial decisions in the future.
Every two weeks, the ReadyForZero blog is going to feature two awesome bloggers, each taking opposing sides of an issue. Then YOU as the reader can chime in and say if you agree or disagree.
My debate topic is Renting vs Buying, where I believe renting is the best option.
I understand the allure of buying a home. I myself bought a home (and later sold it). But I simply think that right now it makes far more sense to rent instead of buy. Owning a home may still be the great American dream, but with the recent economic problems and foreclosures all across the country, owning a home has become a nightmare for millions.
If you’re thinking of buying a home, I challenge you to take a hard look at the advantages of renting before you decide to buy.
- No down payment
- Less risk
- More money in your pocket
- More flexibility
- Less of a hassle
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