High Interest Return

It is a great book called the Millionaire "automatic".

He said that most of us have no will and to create wealth that we have to put systems in place to build our wealth automatically so we do not have to think about a daily basis.

He says to buy your own home is the very basic thing to do first, then create from there.

Think about it-all who have lived there for several years, you create wealth, almost by mistake. If you rent most people spend other people's money and not invest.

Depends on many, many factors, for example, what amount of rent compared to how much a mortgage payment. In other words, you have distorted the issue by saying that you can "save" the rent money, which may or may not be true! Maybe an apartment rented for $ 600 per month. WHAT mortgage payment If you are only $ 500 per month? You would be money before buying, right? Unless ... the house was in bad shape horrible and you have spent on average $ 300 per month in maintenance. Then you might rent money before, right? Unless ... the housing market was soooooo hot that homes in your neighborhood appreciated by 3 percent per month (or 36 per cent per year). So you might buy money before, right?

I hope you get the point that many factors that make renting a better option for some and buy a better option for others. Weigh these factors and make a decision that makes sense to you, in YOUR area, taking into account your personal risk aversion, the housing market, your hopes, dreams, priorities, etc.

There is more than one school of thought here. You see some areas of real estate are rising, from dramatically. If you live in one of those places you may be able to come to a very high return on your investment, but you should carefully consider the options here.

A bank can give you a fixed amount, but there is a warranty on it, while real estate will fluctuate back and forth and should be monitored carefully. If your player, Real, if a person of your attention, the bank.

If you find a bank that pays high interest ... let us know!

It is better to own your own home. By owning your own home, you create wealth in the form of property value. Rental requires you to make payments on something you can never own. Thus, at the end of the day, sometimes with little difference in payments, someone who bought a house had more than one tenant, who paid all this time to possess nothing. The final statistics are something like this: The owners are worth, on average, 40 times more financially than renters.

You want a simple answer: easier to clean house. The End.

Interest rates are very low right now, so you are not likely to get a return of interest rates.

On the other hand, home prices are falling. Wait until the winter when the buyers are really rare and then melt. You'll get even lower prices then.

Then, sitting on the house for 5-10 years, if you plan to sell it. If you already have a house, then keep it as a rental property and rental property management company to take care of this for you. If this is your first home, then prepare to live in it for some time.

In most cases, it is better to own than to rent. No bank will pay interest high enough to make renting a better deal. However, if you will be living in a region over a short period of time, or if housing prices are declining, then the lease may be the best option for the short term.