Your Life: Are You Buying or Renting?
By Patrick Wyett - http://www.raptureready.com/soap2/wyett22.html In the real estate world there are buyers and renters. I've been both; having bought a house and rented furnished and unfurnished apartments. Each comes with different levels of commitment and investment. Unless you're flipping houses, purchasing a home has a long-term feeling of security to it. It's your home. All your stuff's there, you decorate it to your taste, make modifications to suit your needs and settle in. Upkeep to the structure and grounds is your responsibility. It's all yours as long as you pay the mortgage and taxes. Not so with renting. Renting has a temporary feel. The structure isn't yours nor will it ever be. You sign a lease for a specified amount of time. You're limited as to what modifications can be made, and really, you wouldn't want to invest in improvement of something you don't own and won't see a return on. You may or may not have up-...