Rent or Buy? Unlocking the Door to Your Ideal Lifestyle

RENT OR BUY? Unlocking the Door to * Your Ideal Lifestyle HOW AMERICANS ARE LIVING: 32% 67% of the U.S. population of the U.S. population rents owns a home 43% of people under 30 84% of people over 65 own homes rent 44% 24% 67% of renters live in of the people in of Americans live in owner-occupied housing communities with New York rent more than 5 units SHOULD YOU R ENT OR BUY? | There's no right answer to the rent vs. buy debate – only what's right for you. Consider the potential benefits of each: Renting Buying Ideal for frequent relocation Build equity Design freedom (painting, landscaping, remodels) Yard maintenance required Fast approval (renter's application vs. mortgage) Tax benefits Some utilities included Maintenance costs covered Proximity to preferred schools, shops, activities Provided by: MLSLIOM MULTIPLE LISTING SERVICE www.mlsliblog.com Sources: shine.yahoo.com/work-money/10-advantages-to-renting- over-buying-2387492.html www.realtor.org/field-guides/field-guide-to-buying-vs-renting www.nmhc.org/Content.cfm?ItemNumber=55508 www.census.gov/compendia/statab/cats/construction_hous- ing/homeownership_and_housing costs.html