Sometimes the conversation needs to happen where a buyer needs to weigh the advantages and disadvantages to owning vs. renting.
This article identifies some arguements on the other side of buying that could help a savvy investor answer the needs which may challenge the pro's...
One of the most important decisions that you will ever have to make is whether to rent or buy a home. People who encourage buying a home instead of renting typically make the case that if you rent, you are throwing a significant amount of money down the drain. Unfortunately, these same people tend to overlook the significant costs of owning a home. However, two things that are certain is that many people are not familiar with all of the costs associated with owning a home, and many people do not know how to compare the costs of owning a home versus renting. Fortunately, we have a process that will allow you to evaluate your options in virtually any type of housing environment.
Owning a Home Requires Significant Cash Outlays
Tax Deduction Benefits Have Minimal Value for Most Homeowners
The Benefit of Equity Gained Through Home Appreciation is Overvalued
Most Homeowners Do Not Know How to Evaluate the Pricing Level of Homes in Their Area
A Practical Approach to Analyzing the Real Estate Market in Your Area