In this Real Estate market, we get asked a lot, “Should I rent a home or buy a home?” While I believe that this a personal decision, there are definitely pros and cons of owning a home. For many people, there is a personal satisfaction in owning a home. However, the financial burden of owning a home can be too much for many people. Renting a home is many times a better decision, both financially and emotionally.

Recently, there was a great article on Moolonamy, about this topic.  The article entitled, “Is It Better to Buy or Rent?“, gives some excellent facts and figures.  There is an wonderful chart outlining the costs and benefits of renting vs. owning a home.

In this economy, with the uncertainty that comes with your job and your financial stability, buying a home is a big decision and renting may be a better option.