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Should you Rent or Buy?
Watching one night of your
local TV news program is sometimes enough to make you paranoid about
your security. And now because of your divorce, you're on your own
to take watch over your property and yourself. Here are some tips to
improve your safety -- and your peace of mind.
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Quick
Divorce.us
Understanding
the costs of renting vs. ownership is an important starting point in
deciding which choice to make. However, choosing to rent or buy is not
just an economic decision. There are a number of other important factors
that must be evaluated.
Issue 1: Permanence
There
are people who are reluctant to make a long-term commitment to a specific
apartment or geographic area.
According to Bellmarc records, the
average length of time a homeowner stays in a Manhattan apartment is five
years. People living in large apartments, particularly if they have
children in school, stay somewhat longer. People in smaller apartments,
particularly if they are young and single, tend to stay for a shorter
term.
Permanence is a state of mind with most buyers. Very few
actually stay in their apartments for the long term. Instead, the home
they buy is merely the right apartment for the moment, until a better
opportunity or a change in lifestyle warrants a new alternative.
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