Rent vs. Buy: "The Big Debate"
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There are many people who debate whether it would be best for them to rent an apartment, condo or a home or if it would be better for them to buy a condo or a home. They all want to know the advantages and disadvantages of each. One advantage of renting a home or an apartment is that you are not seriously locked into any long term commitments generally. Usually most rental agreements are for 6 or 12 month periods. After your rental agreement is up many landlords will let you go on a month to month basis. This means that you only need to give proper notice and then you can leave at any time. You dont have to worry about selling a home. You dont have to worry about possibly having to make 2 mortgage payments. You can simply just up and leave unlike owning a home.
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