There are hidden costs associated with buying and renting. By Corlyn Voorhees GLOBE CORRESPONDENT JUNE 08, 2016
The decision about whether it’s better to rent or buy comes down to flexibility, financial and personal.
“It’s one of the biggest financial decisions we make,” said David Weliver, founding editor of the Money Under 30 blog. “I think it really comes down to . . . whether you want the flexibility to move around every few years and to not worry about maintenance and appliances breaking down. If you’re looking to put down roots, looking for a place to stay for more than five years, that’s when buying presents a good option.”
And if you’re single, Weliver said, renting may be the best option.