Explain some of the advantages and disadvantages of buying a home compared to renting. What are some of the key issues a first-time homebuyer should consider?

Explain some of the advantages and disadvantages of buying a home compared to renting. What are some of the key issues a first-time homebuyer should consider?

 

For many Americans, buying a home is a goal. But it is also expensive compared to renting. Explain some of the advantages and disadvantages of buying a home compared to renting. What are some of the key issues a first-time homebuyer should consider?

Additionally, describe a housing-related goal that you may have for yourself. What types of financial information might you need to be able to create a starting point for reaching this goal? Will you consult a financial advisor, open a savings account, or reach out to someone you know who has purchased a home?

Example of a housing goal: “I’d like to have 20% saved as a down payment on a new home.”

Once you have posted your response, respond to at least one of your classmates, using their first name, and provide feedback on what they shared

Week 6 Discussion
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