personal finance situation

Performance Property Real Estate Question

Better To Buy Or Rent Housing Now

Q: Gerald, do you think it is better to buy or rent a home right now? Erica, West Orange, NJ A: Generalized investment advice is not very useful. The correct answer to your question depends on your personal financial situation, your goals and your life plans. For some people, the correct answer right now is to buy, for others it is to rent. Over a long period of time, owning a primary residence is more beneficial financially than renting because of leveraged appreciation and tax advantages among other factors. However, owning real estate does limit your mobility to some extent and makes you financially responsible for home repairs and capital improvements rather than your landlord which is the case when […]

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