Buying vs Renting – which is best.

There are many ways to show that buying is almost always a smarter financial decision than renting. A home is an appreciating asset in the long term, and mortgages come with tax advantages over renting. Your landlord knows that – and will happily enjoy you paying to secure his financial future! Interest rates are still at historic lows, you really owe it to yourself to look into buying.

Home ownership increases credit scores, allows you to enjoy and invest in your home with pride and builds long term wealth. 
However, one more reason to consider is our increasing life expectancy. The average American can expect to live until almost 80 years old (increased by 10 years in the last 50 years). So – that means you will need a roof over your head for much longer, and if you are renting, that monthly payment continues while you need that home and rents increase. Mortgages, on the other hand, can be at fixed low rates AND have an end to them – so the earlier you start buying, the sooner you will live in your own home without a monthly payment. THAT makes a tremendous difference to the amount of money you need in retirement.