Renting vs. Owning: The Pros And The Cons
Black Enterprise Magazine July/August 2018 Issue

Owning

(Image: iStock.com/designer49)

Debating over whether you should lease a luxury car or buy a more economical vehicle? Thinking about renting a high-rise apartment in the city vs. buying a suburban condo or your first home?

Either way, there will be pros and cons no matter which decision you make. For example, it could cost you a lot more money to buy a house rather than sign a lease to rent an apartment. However, in the long-run, the value of the house may increase over time, whereas the owner of your apartment could decide to increase your rent.

Watch this video below for more tidbits on the pros and cons of renting property compared to owning property.

Join the Conversation

Selena Hill

Selena Hill is the Digital Editor at Black Enterprise and an award-winning multi-media journalist.


MORE ON BlackEnterprise.com