June 30, 2010
The current housing bust and financial crisis make it tough to sell a house at a decent price. As an alternative, a growing number of owners are deciding to rent out their homes until the market improves. What are some of the benefits and pitfalls?
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June 30, 2010
Renting does have some advantages. If it didn’t, no one would do it. The disadvantages of renting, however, are many and significant. The first, and most obvious, is that the money you spend on rent is essentially thrown away. The money is not tax-deductible, in most cases, and gains you no equity in the property in which you live.
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