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When can renting be a smart decision?


Last updated 6/20/2018 at 3:28pm


Although many people pursue the rewards of homeownership, there are many good reasons why renting could be the better option.

TEMECULA – Conventional wisdom suggests that buying a home makes more financial sense than renting. In many cases, this axiom is true; however, renting is sometimes a smarter approach than buying.

As with any financial decision, all of the options and circumstances need to be weighed before jumping in. Making a major purchase requires doing homework. The following are some reasons why renting can be more beneficial than buying.

If you are young, renting could be more sensible. According to the National Association of Realtors, the typical first-time home buyer is 31-years-old. People who...

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