Home Ownership vs. Rentals

In a recent blog post by Scott Van Voorhis of boston.com, he discusses the idea of home-ownership against the advantages of renting. He favors more towards home-ownership: but why?

Apparently, the concept of owning your own home goes back to the founding of our country, and it is now associated with our cultural identity. Owning your home implies pride and suggests accomplishment: that where you live is actually your own because you made it that way.

However, Yale housing specialist Robert Shiller argues that renting should be looked as a better option for Americans. It is an interesting point, considering that the rental market is composed mainly of the single and the childless. And in Boston, this is especially so, as the price for a three bedroom apartment is comparable to that of a house.

Additionally, the developers of Boston and other local cities tend to be pressured to build one and two bedroom units to keep school costs down for the community.

Read the rest of this article and more on the topic here.

(Both images are available listings with Phoenix Realty, click for more info!)

Source: www.boston.com

Monday, March 8th, 2010 Boston, Boston Apartments, Boston Apartments for Rent, Boston First-Time Home Buyers, Boston Homes, Boston Homes for Sale, Boston Real Estate, Boston Rental Property, Real Estate News, Renter's Guide

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