Skip to main content
  1. Tech
  2. Gadgets & Tech
  3. Internet

To buy or to rent: that is the question

See also

The ages-old belief that buying your home is better than renting has fallen under scrutiny since the economy crashed a few years ago. Now there are many factors playing into whether you will be better off buying or renting. For starters, will you be staying in the area for more than five years, or will you need to move to find work? Is your job stable? You may have to consider these and other factors before deciding whether to rent or buy.

Buying a home is great if you can afford it, but the average homeowner spends 4% of their yearly income maintaining their home, which not everyone can afford. That said, mortgage interest can be written off your taxes, which can decrease your bill significantly.

To learn more about whether renting or buying is right for you, check out this informative infographic. You might be surprised to find out what is right for you.

Advertisement

Don't Miss

  • Crew
    'The Crew' preview: Ubisoft has on its hands the 'Destiny' of racing games
    Games Preview
  • Cell phone
    A bill legalizing unlocking phones has passed Congress and is expected to be signed into law
    Video
    Tech Buzz
  • Crew
    'The Crew' exclusive: Details on in-game servers, leveling up and online play
    Games Interview
  • Comic Con
    See 10 defining moments from the 2014 San Diego Comic-Con
    Camera
    10 Photos
  • Unity Exclusive
    'Assassin's Creed Unity' exclusive: Tell the world, 'I'm coming home'
    Camera
    Games Interview
  • Typing
    Is your brokerage account safe from the attacks of cyber thieves?
    Video
    Headlines