Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

To Rent or to Buy a House: Crossing the Rubicon

By Morgan Subscribe to RSS | April 24th 2012 | Views:
loading
 
  



Your future neighbor currently sits in front of a fork in the road – and given the state of housing in the United States, it’s no surprise. Should he buy that house next door or should he go for that vacant unit in the apartment just across the street? This may be the modern edition of Julius Caesar’s “crossing the Rubicon,” in which there can be no turning back once he has made his choice.

A fine line divides buying a home and renting one. When a person buys a home, he also buys the rights to own the property that surrounds it, but for a hefty cost. On the other hand, when a person rents a home, typically an apartment, he gets it for a lower price but he doesn’t own it. Yet, over the years, renting has shown to be the more superior choice according to studies.

At least, this is what Eli Beracha and Ken Johnson say in their paper titled Lessons from Over 30 Years of Buy versus Rent Decisions: Is the American Dream Always Wise? They studied the trend of the housing industry from 1978 to 2009. They said that renting is the better choice most of the time.

A visible advantage of renting over buying can be attributed to how much it costs to buy a home. In Greenville, South Carolina, the price-to-rent ratio as of December 2011 is 21.76, says data from the Federal Housing Finance Agency. It takes roughly $1,400 to get the swankiest unit in Greenville, compared to the average house price of more than $250,000.

Another visible benefit is the cost of maintaining a home, let alone the rent. Apartments for rent in Greenville SC virtually let tenants loose from additional expenses that go with buying a home in the suburbs. For example, a person doesn’t have to pay property taxes when renting a home since the property is not his to begin with. He only has to worry about two things: the rent and a bit of insurance.

Maintenance is also a factor that is removed from the renting equation, as the landlord is usually responsible for that. Any improvements or changes in Greenville SC apartments are managed by the one running the show. That is hundreds of dollars’ worth of savings.

If your future neighbor is still standing in front of that fork in the road, offer him some resources. For more information on apartments Greenville SC has to offer, check with the various housing agencies in the country and the state. Also, never “cross the Rubicon” without looking at tips on choosing between renting and buying at WSJ.com.

Morgan - About Author:
For more details, search apartments Greenville SC, Greenville SC apartments and Apartments for rent in Greenville SC in Google for more related information.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/real-estate-articles/to-rent-or-to-buy-a-house-crossing-the-rubicon.htm

Related Real Estate Articles Subscribe to RSS

Affordable 2 and 3 BHK apartments in Ghaziabad
Published by Rahul on June 29th 2012 | Real Estate
The past few years have seen rapid developments in Ghaziabad, most noticeable of them all remains th...
 
Investment can be made highly profitable with apartments for sale NYC
Published by Jack Smith on June 26th 2012 | Real Estate
Big corporate and small businessmen want to invest in real estate, and apartments for sale NYC provi...
 
Nitesh Cape Cod 2&3 and 4 BHK luxury apartments in bangalore
Published by Hronit Sharma on December 1st 2011 | Real Estate
Nitesh Cape Cod is the most luxurious forthcoming residential project of Nitesh Group planned at the...
 
Useful tips for buying residential apartments
Published by Deepti on May 9th 2012 | Real Estate
With shortage of land in towns and big cities and the nuclear family concept gaining popularity more...
 
Get the premium benefits from apartments for sale NY
Published by Jack Smith on June 26th 2012 | Real Estate
If you are looking to have your dream home in New York than apartments for sale NY is a good option,...
 
Grapevine Texas Apartments: easiest way for searching apartments
Published by DallasApartment1 on April 12th 2012 | Real Estate
Are you getting tired of looking for Grapevine apartments and your luck is not supporting you? You'v...
 
Internet is the perfect platform to get apartments for sale NY
Published by Jack Smith on July 27th 2012 | Real Estate
Apartments for sale NY is always in demand because many people come here for personal and profession...
 
Most Suitable apartments for sale in New York
Published by Jack Smith on June 25th 2012 | Real Estate
This is a good opportunity to have your own home in New York City. With the help of apartments for s...
 
Jaypee Kristal Court offers 2/3 BHK luxury apartments in Noida
Published by Helios on July 19th 2012 | Real Estate
Jaypee Greens which is offering the possession within 48 several weeks. The framework levels change ...
 
You can enjoy the quality of life in apartments in Dallas
Published by AOK Apartment on April 16th 2012 | Real Estate
Dallas is the city where you can enjoy the beauty of the city and can take the advantage of the natu...
 
Jaypee Kristal Court Noida open bookings of 2/3 BHK luxury apartments in Noida
Published by Helios on July 19th 2012 | Real Estate
Jaypee Greens Kristal Court Noida is that it is located by the 18+9 gaps Greg Gary Jaypee Tennis Cou...
 
Flats and apartments in kasarwadi
Published by Mantri on June 20th 2012 | Real Estate
Pune is becoming next IT hub in India, show the flats and apartments rate are touching the sky. Ever...
 
Things need to be consider while purchasing apartments for sale in New York City
Published by Jack Smith on July 28th 2012 | Real Estate
if you are planning to invest in apartments for sale NYC you just need to do complete research on th...
 
Bharat City 2 and 3 BHK apartments in Ghaziabad
Published by Rahul on June 26th 2012 | Real Estate
Bharat city is a township, which was conceptualized as a joint venture between BCC infrastructure an...
 
Searching for Marbella apartments for long term rentals?
Published by Anthony Thomas on March 24th 2012 | Real Estate
Marbella, on the southern coastline of Spain, is in the heart of Costa del Sol famous as a land deve...
 
The demand for apartments is getting bigger.
Published by Kimberly Jones on January 5th 2012 | Real Estate
The demand for apartments is getting bigger.
The demand for apartments is getting bigger.
Th...
 
New York apartments for sale provide you true value for money
Published by Jack Smith on June 26th 2012 | Real Estate
It is necessary that your investment should give you satisfaction of value. People are spending mone...
 
Choosing between apartments for sale
Published by Richard on February 28th 2012 | Real Estate
There are many challenges when looking for new apartments. There is of course the logistical challen...
 
Look for the flats and apartments for rent in Ahmedabad
Published by Simmie on November 28th 2011 | Real Estate
Ahmedabad is the city which is usually recognized as the city of individuals and this is one of the ...
 
Purchase residential apartments in Ghaziabad
Published by Rahul on July 5th 2012 | Real Estate
If you are perturbed about getting a raw deal in your attempt of buying a desired new apartment, you...