Asked by Sebastian  |  Submitted January 19, 2015

Given the real estate market today, would a young worker like myself be wiser to take out a loan and buy, or continue renting?

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  Answers  |  1

January 19, 2015

Hi Sebastian! The best answer I have is: it depends. Renting can be great as the overall costs are lower and you have less maintenance and upkeep. Renting works well if you think you will be moving in a short time, or if your personal situation may change.

One thing people forget is that houses are made to live in. The decision to buy one should not be just a financial one. Make sure you choose a neighborhood you love, then a house you love. Schools and family life are important in that choice. And you want to be sure it is a house you can afford without becoming "house-poor".

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