The question is “financially speaking, are you better off owning than renting in the long term?” Renting a home has advantages. It is usually a short-term commitment from year to…
The rent to income ratio is the monthly affordable rent as a percentage of monthly income. Ideally, tenants should keep it within 30% of monthly gross income. In some markets, in may…
There are hundreds of thousands of people who believe, for one reason or another, they cannot afford to buy a home currently. Some people may not for any number of…
IRS has provisions for homeowners regarding the sale of a principal residence that allows for temporarily renting the home without losing the ability to exclude the gain if the home…
When comparing the cost of owning a home to renting, there is more than the difference in house payment against the rent currently being paid. It very well could be…
