{"id":93,"date":"2016-03-03T06:10:37","date_gmt":"2016-03-03T11:10:37","guid":{"rendered":"http:\/\/www.fcallc.biz\/blog\/?p=93"},"modified":"2024-11-23T08:31:59","modified_gmt":"2024-11-23T13:31:59","slug":"rent-or-buy-you-decide","status":"publish","type":"post","link":"https:\/\/www.fcallc.biz\/blog\/?p=93","title":{"rendered":"Rent or buy? You decide."},"content":{"rendered":"<p class=\"MsoNormal\" style=\"margin: 0in 0in 10pt; text-align: justify;\"><span style=\"font-size: small;\"><span style=\"font-family: Calibri;\">These days the buzz word is that it\u2019s a great time to buy. But deciding whether to rent or buy is an individual decision that should be considered on a case by case basis.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>It is not wise to buy just because someone tells you that it\u2019s a great time to buy.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span><\/span><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 10pt; text-align: justify;\"><span style=\"font-size: small; font-family: Calibri;\">What are some of the factors to consider?<\/span><\/p>\n<ul style=\"margin-top: 0in;\" type=\"disc\">\n<li class=\"MsoNormal\" style=\"margin: 0in 0in 10pt; text-align: justify; mso-list: l0 level1 lfo1;\"><span style=\"font-size: small;\"><span style=\"font-family: Calibri;\">Your income and expenses.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>This is number one on my list.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span><\/span><\/span><\/li>\n<li class=\"MsoNormal\" style=\"margin: 0in 0in 10pt; text-align: justify; mso-list: l0 level1 lfo1;\"><span style=\"font-size: small;\"><span style=\"font-family: Calibri;\">Falling equity in current homes. Homes are losing and continue to lose their value.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span><\/span><\/span><\/li>\n<li class=\"MsoNormal\" style=\"margin: 0in 0in 10pt; text-align: justify; mso-list: l0 level1 lfo1;\"><span style=\"font-size: small; font-family: Calibri;\">Rent is cheaper: In most cases this is true. Renters do not have to pay for property tax or home insurance.<\/span><\/li>\n<li class=\"MsoNormal\" style=\"margin: 0in 0in 10pt; text-align: justify; mso-list: l0 level1 lfo1;\"><span style=\"font-size: small; font-family: Calibri;\">Benefits of home ownership: There are many benefits such as building equity and tax breaks.<\/span><\/li>\n<\/ul>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 10pt; text-align: justify;\"><span style=\"font-size: small; font-family: Calibri;\">Some smart moves to make right now:<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 10pt; text-align: justify;\"><span style=\"font-size: small; font-family: Calibri;\">If you\u2019re still unsure of what to do, consider using a mortgage calculator to help you determine the costs of home ownership.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>Bankrate.com has great calculators that can help you with this assessment.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>Another option is to consider the price to rent ratio.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>This is determined by dividing the price of<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>a home by the annual rent you\u2019d pay on a comparable home.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>If your answer is 15 or higher, than it is better to rent.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 10pt; text-align: justify;\"><span style=\"font-size: small; font-family: Calibri;\">What are your thoughts?<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 10pt; text-align: justify;\"><span style=\"font-size: small; font-family: Calibri;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>These days the buzz word is that it\u2019s a great time to buy. But deciding whether to rent or buy is an individual decision that should be considered on a case by case basis.\u00a0 It is not wise to buy &hellip; <a href=\"https:\/\/www.fcallc.biz\/blog\/?p=93\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44,41],"tags":[16,17],"class_list":["post-93","post","type-post","status-publish","format-standard","hentry","category-mortgage","category-personal-finance","tag-mortgage","tag-renting"],"_links":{"self":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/93","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93"}],"version-history":[{"count":4,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/93\/revisions"}],"predecessor-version":[{"id":472,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/93\/revisions\/472"}],"wp:attachment":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}