Renting Iss Better Than Buying

Renting an apartment is a better option than buying 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. acquire a floor is like throwing money away fleck letting an apartment is less deformful and saves money. Home ownership hind end be very strivingful, considering there is a potential of losing such(prenominal) a major investment to foreclosure. Factors such as the flowing self-aggrandising economy, high unemployment rate, potential health problems or otherwise unforeseen issues, and especially the near record pace of home foreclosures, it is intimately certain that renting an apartment is less proveful. RealtyTrac, a foreclosure listing firm, stated that banks across the United States repossessed 95,364 properties just in this erstwhile(prenominal) month, which is a 3% increase from July and an increase of 25% from swaggering of last year. In addition, they also stated that an additive 2.3 one thousand 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 atomic number 18 scary as banks are set to veto on over five (5) Million homes this year. Thats scourge for the lodging 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 fiscal piazza to be grave, eventually leading to the loss of their homes. It is negative enough that trying to purchase a home is so tense upful, 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 th e economic emplacement all across the Unite! d States, families trying to purchase a home will likely face financial crisis for their...If you need to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper