Question and answer
Discuss the advantages and disadvantages of renting a home vs. buying.
Renting advantages: More fixed costs for the term of the lease, Not gaining equity, but not losing it either, When the lease is up, you can just move,There is generally less work in maintaining a home or apartmen,Smaller amount of "up-front" cash. [ DISADVANTAGES: No matter what happens with the value of the home, you will never gain equity,Limited--or no--ability to personalize your living
quarters,No tax advantage to renting. Your landlord gets any and all tax breaks that are available. ]
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Original conversation
User: Discuss the advantages and disadvantages of renting a home vs. buying.

Weegy: Renting advantages: More fixed costs for the term of the lease, Not gaining equity, but not losing it either, When the lease is up, you can just move,There is generally less work in maintaining a home or apartmen,Smaller amount of "up-front" cash. [ DISADVANTAGES: No matter what happens with the value of the home, you will never gain equity,Limited--or no--ability to personalize your living quarters,No tax advantage to renting. Your landlord gets any and all tax breaks that are available. ]
iamtin|Points 842|

User: advantages and disadvantages of buying home

Weegy: Pros and Cons of Leasing vs Buying a Vehicle ... Here is a quick rundown of some of advantages and disadvantages of leasing rather than buying. [ Here is a quick rundown of some of advantages and disadvantages of leasing rather than buying, to help you make your decision: Advantages: * As we mentioned, a lease costs less than a purchase. * You don't have to worry about a large down payment. When the lease begins, you'll just have to pay the first month's payment, title, taxes, registration, banking fees, and a security deposit. * You don't have to worry about selling the car when you no longer want it. Disadvantages * As we mentioned, you don't actually own the car. * You aren't able to customize the vehicle or make modifications to it as you could if you bought it. ]
DEANA|Points 96|

User: Disscuse the Advantages and disadvantages or buying a home?

Weegy: Advantages Equity: By making monthly mortgage payments, you are contributing to the equity in your home. You'll probably be able to get that money back when you sell. You can even borrow against your equity to obtain a home equity loan. [ » Tax Deductions: Most of the interest you pay on home mortgages (a lot in the first few years) is tax deductible ]









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Asked 10/7/2010 1:04:06 PM
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