Rent vs Buy

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Renting an Apartment is a Better Option than Buying a House.

Amanda Beaman

COM 156

January 8, 2010

Sandie Melton

Axia College of University of Phoenix

Renting an Apartment is a Better Option than Buying a House.

Would they think that renting is better than buying a house? I would have to choose renting over buying a house because buying is more responsibility and hassle. When renting and buying there are many advantages and disadvantages of buying a house as well as renting an apartment or house. With the economy the way it is today it will be harder to sell a house and move than just moving out when the lease is up (Ginnie Mae, Buying versus Renting Comparison Chart, Retrieved November 9, 2010 from http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy_chart.asp?section=YPTH). When selling a house the owner will have to pay the broker six percent or they can sell it themselves. Some sellers have to pay for some of the buyers closing cost as well as their, the sellers, closing cost. Renting is cheaper by the month and provides more savings yearly than buying (Ginnie Mae, Buying versus Renting, Retrieved November 9, 2010 from http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy.asp?section). With renting the renters do have the possibility of eviction then buying (Ginnie Mae, Buying versus Renting Comparison Chart, Retrieved November 9, 2010 from http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy_chart.asp?section=YPTH). With buying they have the possibility of foreclosure and loss of equity (Ginnie Mae, Buying versus Renting Comparison Chart, Retrieved November 9, 2010 from http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy_chart.asp?section=YPTH). When renting a house or apartment there is no equity being earned (Ginnie Mae, Buying versus Renting Comparison Chart, Retrieved November 9, 2010 from http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy_chart.asp?section=YPTH). When buying a home the buyers have many more...
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