The Great Housing Debate: Buying vs Renting » Mortgage Masters Group

Why You Should Rent vs Own | Phil Town It’s tricky, but we have you covered. Here are a few strategies to will help you become a double mortgage master. Don’t forget to like and share this page for more helpful content. You don’t always have to sell your house before buying another. Today’s housing and mortgage markets offer options for a relaxed housing.

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I wrote The Great Rent vs. Own Debate over an exchange of comments on one of Rain City Guide’s post where I stated something along the lines of "owning a home is an automatic savings plan for some borrowers". I still believe this to be true based on what I’ve seen in my past seven years as a Mortgage Consultant.

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The Great housing debate: buying vs Renting With the tide in the market shifting and homeownership levels at 50-year lows, one could assume that changing financial considerations dictate that the average consumer would have a greater incentive to rent.

The HOME Investments Partnerships Program (HOME) provides grants to States and local governments to fund a wide range of activities including 1) building, buying, and/or rehabilitating housing for rent or homeownership or 2) providing direct rental assistance to low-income families. It is the largest Federal block grant program for State and local governments designed exclusively to create.

The best way to look at the debate is this – no matter which option you go with, rent or own, you are paying a mortgage. It just depends on whether you are paying your own mortgage or someone else’s mortgage. In my opinion I would rather pay my own mortgage than cover someone else’s expense and let them get all of the benefits in the future.