tag:blogger.com,1999:blog-9026484337051027793.post2189221261102112729..comments2009-01-05T07:22:01.544-05:00Andyhttp://www.blogger.com/profile/14309605333128481208andy@savingtoinvest.comBlogger2125tag:blogger.com,1999:blog-9026484337051027793.post-58430345647596257062009-01-05T07:22:00.000-05:002009-01-05T07:22:00.000-05:00<A HREF="http://www.hometownrenter.com" REL="nofollow" TITLE="Hometown Renter">HometownRenter.com</A> has the questions to ask yourself if it is better to rent or buy in your situation. Do you need the flexibility of renting? or can you afford to stay in your home for at least 5 years or longer?<BR/><BR/>* Can you afford a 20% down payment?<BR/>* Can you afford a monthly payment on a 30-year fixed mortgage?<BR/>* ask your CPA ... Does the tax benefit of home ownership offset a potential decline in home value?<BR/>* Have you reduced other real estate debt before you add more on this home purchase?<BR/>* Does a fixed monthly mortgage payment for the next 15 years outweigh the likely inflation of rents during that same time (called an inflation hedge) <BR/><BR/>These are broad questions that can have many variations for each individual situation. However, it is a good foundation from which to start your home buying process.<BR/><BR/>If you are in the market for a rental, visit <A HREF="http://www.hometownrenter.com" REL="nofollow" TITLE="Hometown Renter">www.HometownRenter.com</A> to find your next rental home!Gerwinhttp://www.hometownrenter.comnoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-65091238624016332382009-01-04T14:54:00.000-05:002009-01-04T14:54:00.000-05:00Good points - it's getting very difficult to find decent apartments here in Vancouver.<BR/>I also like to make sure I rent from a reputable company - I tend to not rent from individuals because you don't know how 'professional' they're going to be.TStrumphttp://www.thestrump.comnoreply@blogger.com