Tuesday, January 29, 2013

The Rent vs. Own Debate

A childhood friend of mine recently posted the following on Facebook:

"I was listening to NPR's Marketplace weekend show, and there was a piece on renting versus buying a home. The generation after ours has seen how the housing bubble burst, and they're tending to rent with no plans to ever buy a house/condo.   Any opinions? As for us, we bought our house at the height of the bubble and then watched it lose almost $30K in value in one year. We're slowly gaining equity again, but we certainly didn't expect this to happen."

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