You Actually Lose Money Trying to Rent a House and Not Buy ?

You know how some people find what they consider to be the great truths of life, and can not stop trying to make everyone around him? It got me in the last decade; and the truth of my life - renting is better than buying.

For example, when my sister left the idea of ​​cheap two-bedroom rental at the Bronx, after a lot of my coming. I went out of my way too - when my boss moved to Arizona branch time I actually went to the trouble of making a full page Excel to help see how the shelter will be much more profitable in the long term long term buy.

So, why do I think the location is the most intelligent? Ten years ago, the prices were so high that they can easily get less if you have rented. And because home prices are usually on a roller coaster, it would be a very smart decision to not put much value on their own in something like a house belonging. 

However, my boss, my family and friends will be very angry with the way I change my loyalty now. In fact, I was a tenant in New York all my life; Things started to change when a month ago, I learned that he would ask to go to the Pittsburgh office.

My first thought was that we would start looking for a house for rent, as they always have. But things have changed in the last three years. House prices have craters. When I think about it, I realized that nothing else for me to do but to change sides.

We have always said that anyone who would rent a house for your family all the time trying to build your own self-esteem, and lose his own. They tell you the rent that you pay almost wasted money. In fact, it could be part of a convenient fiction created by real estate agents receive a commission loving home sells. 

Of course, the rent is paid, will not ever again. But home ownership is not only the price paid for the house itself. There are property taxes, closing costs, maintenance and repairs, the interest you pay on your mortgage and more. 

And also, it's not just your monthly payments come out of your pocket when you invest in a home - which is the deposit you make too; and this is money that you can invest in the stock market for good performance. Are they starting to look like a person who does not rent house completely out of their minds?

In the end, the home rents for life actually works something cheaper grade. But owning a home has certain advantages that you can not put a price on - for example, there is a sense to install in your own home, and be able to do something, if you want to remodel. 

But look at the question all cost a little more closely. Consider a normal home, something that is ready to rent. Price paid like home to buy, the cost of a certain amount. Dividing this amount by the amount of money that you would pay to rent each year. The number you get if you divide like it, will be a few years to pay the rent, you actually end up paying for the price of the house for rent.

Now is a very important number - the number of years to pay the rent, you ended needed before it would pay to buy the place. In most places in this country, that number will be about 15 years old. Along the coast, where the houses are much more expensive, this figure should be between 20 and 40. 

Here's what happened - more than 20 years to a house belonging to, and you pay more for a house that you rent. If you add the cost of maintaining the house itself, obviously - you have to save something like $ 500 per month if you rent a house, instead of the existing property.

So, here's what you need to do before deciding whether to own or lease. A owned houses makes sense when you take less than a 16-year lease to own. If you end up having more than a 16-year lease to buy a " house ", you would be better off trying to rent to buy a home.

" Renting a house should be taken into account in order not to lose "