Value of Homeownership to Renting

Value of Homeownership to Renting

Introduction

This paper aims to compare the value of homeownership with renting. It will include the fundamental advantages and disadvantages of both homeownership and renting. The paper would help readers to make a decision on whether to go for owning a house or rent a house. When an individual or family owns a house, it is called homeownership. While, renting refers to a person or family paying monthly rent for living in a house.

Discussion

According to New York State Government (2013), there are approximately 40% of rental properties of families impacted by foreclosure around ...