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Once again, the housing market is on fire. Many people have seen the value of their home surge in recent years.
But that doesn’t mean buying a home is the right move for everyone. For starters, many homeowners suffered tremendous losses when their homes lost value during the Great Recession. As so many mortgage holders painfully learned at the time, home values do not always increase.
In addition, your life circumstances might make a home purchase a bad deal, at least right now. For others, buying might be the perfect move.
Watch this video from the Khan Academy to learn about the factors you should weigh when deciding whether to rent or buy.
What is your take on the debate between renting and buying? Share your thoughts by commenting below or on our Facebook page.