Renting Iss Better Than Buying

Renting an apartment is a better option than purchasing a house
Lawanda Tyler
COMM/156
September 18, 2011
Stefanie Marschner


Renting an apartment is a better option than buying a house
Guillermo Riveras COMM-156 last Exam chosen topic is number 5.
Purchasing a floor is like throwing money away while letting an apartment is less deformful and saves money.
Home ownership so-and-so be very strivingful, considering there is a potential of losing such(prenominal) a major investment to foreclosure. Factors such as the flowing cock-a-hoop economy, high unemployment rate, potential health problems or otherwise unforeseen issues, and especially the near record pace of home foreclosures, it is almost certain that renting an apartment is less stressful. RealtyTrac, a foreclosure listing firm, stated that banks across the United States repossessed 95,364 properties just in this past month, which is a 3% increase from July and an increase of 25% from August of last year. In addition, they also stated that an additive 2.3 million homes have been repossessed by lenders ever since the beginning of the recession that started in December 2010. The forecast for 2011 is a 500% increase. The amount are scary as banks are set to veto on over five (5) Million homes this year. Thats scourge for the housing sector.



(USA Today, 2011). It is very important to take into consideration that the betting odds of a home foreclosure are highly possible. Too numerous negative circumstances can easily cause homebuyers monetary piazza to be grave, eventually leading to the loss of their homes. It is bad enough that trying to purchase a home is so stressful, the thought of losing the home to foreclosure only adds to the stress and creates additional stress as well.
Credit is another important issue that causes stress while attempting to own a home. Given the economic situation all across the United States, families trying to purchase a home will likely face financial crisis for their...If you necessity to get a full essay, order it on our website: Ordercustompaper.com



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