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BUS 215 Week 3 DQ 1 Renting vs. Buying

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Renting vs. Buying. Consider whether renting or buying a home is the best approach to achieving your long-term financial goals. Use the text concepts, tools, and various data (housing rental costs, home sale prices, mortgage rates, etc.) available to you in your geographic area, and your current and future financial condition to analyze your rent or purchase potential. Suggested websites include About.com: Apartment Living/Rental and Texas Apartment Association. Remember to account for any future increase/decrease in costs, mortgage debt, closing costs, insurance, appreciation or loss, taxes, etc., related to your decision. Determine which would be best for you now and in the future. Post to the discussion board a 200 word summary of information gathered, as well as your decision based on this information. Respond to at least two of your classmates’ postings.

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