Buying Your Home vs. Renting a House

The argument about whether it is better to buy or rent a home has raged for many years and will probably continue to do so. The consensus is that, basically, when you can do it, all things considered, it is better to buy a home. There are, however, many cases, especially in the short term, where renting a house makes more financial sense.

Recently there was a healthy debate on the issue from different sources, one claiming that are Rent Vs. Buy Myths That Ruined the Housing Market. The second article, written by Trent over at The Simple Dollar, calls the article nonsense and breaks down some very strong reasons whey this is the case.

Both articles are a little one-sided, as things are never really so black and white, but they both make some decent points. Of interest as well are the numerous comments on The Simple Dollar site. It’s obvious that people can get very emotional about this issue and there are strong arguments to be made on both sides.