Debating over whether you shouldÂ lease a luxuryÂ car or buyÂ a more economical vehicle? Thinking aboutÂ renting a high-rise apartment in the city vs. buying a suburban condo or your firstÂ 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 yourÂ rent.
Watch this video below for more tidbits on theÂ pros and cons ofÂ renting property compared to owning property.