In the real estate world, there's an age-old question—Is it better to rent or buy? Each generation faces it, and really, the answer depends on a variety of factors. When you look at the average everyday scenario, it's easy to see the positives and negatives of both buying a house and renting. It's about knowing what's best for you.
Years ago, buying a house was one of the first things you did post-college when you got your first job. Now people are waiting longer to take the plunge, and for a good reason. Buying a home isn't always the sound investment it once was, nor is it easily afforded. If your job will take awhile to earn you a solid income, buying a house can put you underwater.