BUS215 – Week 3 discussion 1 – Renting vs. Buying
1st Posting Due by Day 3. Renting vs. Buying. Consider whether renting or buying a home is the best approach to achieving your long-term financial goals. Use the text concepts, tools, and various data (housing rental costs, home sale prices, mortgage rates, etc.) available to you in your geographic area, and your current and future financial condition to analyze your rent or purchase potential. Suggested websites include About.com: Apartment Living/Rental and Texas Apartment Association. Remember to account for any future increase/decrease in costs, mortgage debt, closing costs, insurance, appreciation or loss, taxes, etc., related to your decision. Determine which would be best for you now and in the future. Post to the discussion board a 200 word summary of information gathered, as well as your decision based on this information. Respond to at least two of your classmates’ postings.
Renting vs. buying
I believe that buying is the best opportunity for me now and in the future. Renting means that I will be developing other people or person while I am not developing myself. There are various ways of acquiring the house that I want. Mortgaging seems the best option given that after some time the house will be mine. This means that I will be securing my home which I will fully own after sometime. Mortgage prices fluctuate but with time,…