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Rent or Buy? Which is Better?
At a certain point of your life you might be facing an important choice: when looking for a new home, should you rent or buy? It is a decision that each person has to make individually as both adhere to the specific needs of different people. So in order to make the right choice, first you need to answer some very specific questions that relate more to your personality and future plans rather than to your physical or financial needs. The state of the market is a factor, of course, but the economy will always be in a state of fluctuation, so it is not a thing to base your future on.
Should You Stay or Will You Go?
The most important thing you need to ask yourself is: are you ready to settle down? If you are looking to start a family (or already have one) and you want a stable life somewhere nice and you want some security in your home, then go ahead and find a nice house or flat to buy and call your home, both spiritually and materially. But if you are a free spirit and quickly get bored staying in one place, then don’t make long-term investments and simply rent. If you like taking job opportunities in different cities or countries, then no need to pay for a home that you will barely live in. Rent, move about, do not think about settling down.
There is really no way in saying which of the two is better – it is all up to you, really. Consider what you want and match your needs with the type of home that will accommodate them. Buy or sell – decide what is best for you and then start taking action.