The decision to rent or buy is not simple. There are many factors that affect whether owning or renting is better for any person, and probably changes during different phases of their life. Financial questions alone include month to month costs, maintenance, insurance, taxes, whether it is possible to see a good return on your investment, etc. There are other benefits to owning in addition the investment opportunity, which we cover in our next series, Benefits of Home Ownership.
This series will help you determine if you are ready to buy or if renting is a better option for you.
Colorado Home Loans Have Gone On Sale, Part Two (studyof cost of ownership from 1971 to 2010)