Home Buying vs. Renting

Purchasing a home is a transaction that, for many, embodies the epitome of the American dream.  In the wake of a year that delivered the steepest increase in housing market value of any year since 2005, however, as this article notes, it’s worth assessing the financial considerations involved in the decision to buy versus rent a home. Elevated price relative to intrinsic value, the opportunity cost of equity in a purchased home, and geographically-concentrated real estate price risk are all factors for consideration that can assist individuals and families in making a wise financial decision as they evaluate their options.

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- Anthony Winkels is Managing Partner and Wealth Advisor at Fortis Wealth Management