Choosing Between CA Houses For Rent & CA Houses For Sale

Choosing Between CA Houses For Rent & CA Houses For Sale

Should you look at the houses for rent California has to offer or invest in one of the houses for sale California listings? It's a tough conundrum for the average buyer today. Years ago, everyone was snapping up homes like there was no tomorrow. They dreamt large and didn't worry about the price of the home. So what if they died before the house was paid off? They were "living the life," you know? Besides, real estate was viewed as a safe bet, no matter what one of the best investments one could possibly make, in fact. Over time, the house would appreciate and fill the family's coiffeurs with cash should they decide to sell.

Yet, given the housing bubble burst and the swelling tide of unemployed, the houses for rent California offers seem like a safer bet. The same level of job and investment security just isn't there anymore. Plus, the thousands of families affected by either a foreclosure, a job loss, or both are finding it difficult to jump right back into the housing market hunt again. Perhaps, houses for rent California offers are much safer.

The New York Times recently conducted an assessment of the difference in price between renting and owning a house in California. They found that the typical family moving into a $1 million home in San Francisco Bay (the average price there) spends $5,000 per month to live there. Yet, the same family could rent a similar house for just $2,500. Instead of putting their money into a downpayment, they could hang onto it in the bank and pay for most of their rent just off the interest accrued. For this reason, houses for rent California deals are very enticing!

People seek houses for sale California listings often because they want security and peace of mind. They fear that one day someone could just take away their beloved home if the landlord decides to move back in or sell to a buyer. They may also worry that the owner might decide to do some sort of renovation or repaint a room without their consent. Renters have little power to build gardens or make changes to the property. Yet, even so, the houses for rent California lists are so affordable and attractive, they're hard to refuse.

Rent-to-own real estate is the best of both worlds. At least with rent-to-own, residents have the option to buy the houses for sale California properties if they so desire. They can save up their down payment over time or hang onto a huge sum of money in the bank to accrue interest. They can try to improve their credit or wait for a better mortgage deal to come their way. Yet, at the same time, they are living in a spacious estate, rather than a cramped apartment.

Ultimately, the "To Buy or To Rent" question is a personal one, unique to each situation, but hopefully this article provides helpful information in making that call.

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