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Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Please rent, that is all I sell is rental property.

Mar 15, 2016 06:59 AM
Rainmaker
1,873,105
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not everybody should own a home. It is a personal choice.

Mar 15, 2016 11:58 AM
Rainmaker
5,571,343
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

without tenants, I'd be carrying the mortgage on the investment property!!!! everyone should NOT own....

Mar 16, 2016 12:53 AM
Ambassador
1,576,505
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Because you don't like burning cash.

Mar 16, 2016 12:23 AM
Rainmaker
4,161,791
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

If you know you are going to be some place long term, own. If you know you are going to be short term, rent!

Other than that, it is a personal decision!

Mar 15, 2016 11:32 PM
Rainmaker
6,547,311
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Home ownership provides a safe path to family wealth.

Mar 15, 2016 11:12 PM
Ambassador
5,360,794
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I have no idea why you would want to rent VB.

 

Mar 15, 2016 07:41 PM
Rainmaker
634,272
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Depending on your circumstance buying may or may not be better for you. But the tax write off if you have a mortgage often makes it cheaper to own rather than rent, and if you buy smart you have good odds of building equity too.

Mar 15, 2016 07:18 PM
Rainmaker
2,437,066
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Vegas Bob. I just don't see any benefit to renting.

Mar 15, 2016 06:53 PM
Rainmaker
1,514,605
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

The main reason for me to get my own place was: decoration options. Making my home a custom cozy place is very enjoyable, I never felt home in rentals. 

Mar 15, 2016 05:10 PM
Ambassador
4,312,753
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Robert 'VEGAS BOB' Swetz it's been said that home owner's net worth is lot more than that of renters...

Mar 15, 2016 03:43 PM
Rainmaker
1,683,350
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

You're still Renting????

You're just throwing your money away to the landlord, instead of growing equity in a home that will eventually be yours.

Mar 15, 2016 02:04 PM
Ambassador
3,034,700
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I think it depends upon if you are ready to put down roots or keep drifting.

Mar 15, 2016 12:46 PM
Rainmaker
660,705
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Well, where I live is more affordable to buy rather than rent. Rents have skyrocketed and they keep going up, up! Also, interest rate are low and we still have the County down payment assistance program available for first time homebuyers. But at the end of the day every situation is different.

 

Mar 15, 2016 12:44 PM
Rainmaker
1,380,933
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Purchase: You're putting down roots, you gain appreciation in the property's value, tax benefits... but most importantly, as a land owner you now have a greater stake in the country and how it's run.  Remember, it used to be that only land owners could vote (and how would the country be different if that were still the case... Sanders wouldn't have a leg to run on!).

Mar 15, 2016 11:02 AM
Ambassador
2,224,117
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Buying isn't for everyone. You have to answer that question, but I'm here to listen and offer some advice and suggestions. 

Mar 15, 2016 11:00 AM
Rainmaker
2,634,647
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

It is interesting to note that homes bought decades ago for tens of thousands are worth hundreds of thousands today. Equity & appreciation! works

Mar 15, 2016 10:29 AM
Ambassador
1,771,405
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

To gain equity.

Mar 15, 2016 10:17 AM
Rainmaker
4,433,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Some people should not buy.

Mar 15, 2016 10:08 AM
Rainmaker
888,545
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Perhaps you shouldn't. You unique financial situation and your goals will determine this.

Mar 15, 2016 09:54 AM
Rainmaker
60,379
Peter Tamura
Coldwell Banker Select - Tulsa, OK
BANNOCHIE TEAM

I am going to recommend home ownership over renting, it's really the first step in building wealth. A homeowner has four ways to build wealth. 1) A lower payment than renting in our area of Tulsa, Oklahoma. 2) Mortgage interest deduction 3) Appreciation 4) Equity buildup. Due to the volatility of the market there is a mistaken idea that it is better to rent. The evidence is clear, the average homeowner net worth is just under $200,000, the average renter net worth is around $5,000.* You may say, "this is not a causal relationship, maybe they are rich so they own a home, not the fact that they own a home made them rich." One thing is beyond dispute, the average renter has almost no net worth.   *Federal Reserve Study, 2013

Mar 15, 2016 09:03 AM
Rainmaker
1,157,485
FN LN
Toronto, ON

We would need to look at your situation in order to provide useful advise.

Mar 15, 2016 08:50 AM
Rainmaker
129,638
sandy straley
Rindlesbach Homes - Salt Lake City, UT
Selling Homes for over 40 Years

. .  since you are selling real estate, I would hope you are convincing your clients to purchase property. It is the only investment that keeps up with inflation and gives you great tax benefits.  If you are a property manager or renting out your properties, then I guess convience your clients to rent. . .  they make your monthly payments for you. . .

Mar 15, 2016 08:03 AM
Rainer
222,865
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

I choose to make myself financial secure, as opposed to the landlord. Buy a home, wait 10 years and see where you are when compared to renting. Easy choice.

Mar 15, 2016 07:11 AM
Rainmaker
290,569
Allie Angeloni
Long Realty - Oro Valley, AZ

You control what happens to and in the home, you are building equity, it can be an investment in some situations, and it can be less expensive than renting - all advantages to 'Purchasing A Home' Robert 'VEGAS BOB' Swetz

Mar 15, 2016 06:37 AM
Rainmaker
5,530,427
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Robert,

Many high end earners are renting over buying.  They feel their money is better used this way!  A

Mar 15, 2016 06:29 AM
Rainmaker
3,972,761
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Tax deduction

Mar 15, 2016 05:42 AM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

I like Joe Pryors answer!

Aug 13, 2016 11:34 PM
Rainmaker
4,062,417
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Maybe you shouldn't.  It depends on the individual.  

Mar 16, 2016 08:26 PM