At some point in your life, I am sure you have wrestled with this question. Should I buy or should I rent? It’s not an easy question to answer since obviously both options have their advantages and disadvantages. A lot of it depends on your lifestyle, location, and real estate market. Many articles have been written on general pros and cons of buying vs renting so for this post I wanted to mostly focus on how local real estate markets might affect your decision.
Before I get into breaking down the popular local communities let me go over the most common benefits for each (buying vs renting)