Not buying a home is a 'no-brainer,' says 'Shark Tank'-winning CEO: 'I'd rather rent and invest the money.' (via Grow_mag)
payment by 150%," she writes. "This is how much your home will actually cost per month, once all expenses are factored in. If that 'Rule of 150' monthly cost is higher than your rent, then it makes sense to rent. If it's lower, then it makes sense to buy."according to Redfin.
Still, it's important to consider your personal situation and time horizon when it comes to your decision whether to rent or own. The higher up-front costs of a mortgage may make more sense if you plan on staying in that home for the long term, for example. Buying a home builds equity and can be a smart way to build wealth.
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