Create a 4 pages page paper that discusses renting is better than buying. Renting an apartment remains quite economical as compared to buying one. With the passage of time, renting proves to be cheaper than buying an apartment. It is always advisable to make a cost-benefit analysis while deciding whether to buy or rent a home (Vij). Where renting a house costs an individual as much as $500 on the average, the same house may cost an individual between $1000 and $2000 per month in the form of mortgage that further gets factored to accommodate tax and insurance. Also, in the recent years, “rents have barely budged while house prices in New York, Washington, Los Angeles and elsewhere have doubled, renting has become a surprisingly smart option for many people who never would have considered it before” (Leonhardt). Whenever an individual has enough money to invest, it is advisable to estimate the difference of the mortgage payment and the rent, and invest that sum into the stock market.
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