Moneywise On Oneplace.com

Most of today’s renters say they’d like to buy a home, but a clear majority think they’ll never be able to afford it.It’s certainly gotten more difficult to buy a house these days, with soaring home values and interest rates. But certainly not impossible—especially if you’re prepared.Renting Is Not Throwing Money AwayOne of the most common myths in the housing market is that renting is equivalent to throwing money down the drain. However, this perspective is misguided. Renting provides a home for you and your family, which is a valuable use of money. Moreover, renting buys you time—a precious resource. This time can be used to save up for a larger down payment, research neighborhoods, and make a well-informed decision when the time to buy finally comes.When considering whether to rent or buy, it’s important to compare the upfront costs associated with each option. Renting typically requires you to pay the first month’s rent and a security deposit, which can be a substantial amount of cash. On the other hand,