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I have been coming across a few stories extolling upon the virtues of renting rather than buying.
Good for them is my take on it. Perhaps for some people in some circumstances in some markets, that is spot on.
However, in my own humble opinion along with those of millions, maybe billions, of others, we want to own our properties rather than rent them.
We want to have a space to call our own and build some equity while we are at it. We do not want to be displaced because a landlord jacks up the rent to a level we are uncomfortable with because housing prices are escalating, like right now. We want to set down roots — deep ones — in an area and have our kids become parts of the community for years.
The reasons are myriad.
It’s too easy to fall back on the old adage that renters are paying someone else’s mortgage — although the fact remains that they are.
I have been a professional certified economic developer (CEcD) for over twenty years and realize that 99% of people do not work in the field of property development.
I have worked with literally thousands of property developers, investors, financiers, all the associated positions involved therein (lawyers, surveyors, architects, civil engineers, surveyors, brokers, appraisers, traffic…
