Buy versus Rent

The last housing bubble and subsequent real estate crash have many folks asking ... is it better to buy or rent? Its a good question, with large numbers of folks underwater on their home loans. In other words their existing loan balance exceeds their current home value.

Finding oneself in a negative equity position is never a fun place to be. However  ownership  typically wins out over the long haul. And the reason is  systematic principle payments made over time. Few have the discipline to save regularly year in and year out.  Although many manage to achieve like result via monthly house payments over decades.                                   

                                                        Roger L. Caron