Subria Rivers
Georgia State University
As a freshman in college, I have not fully experienced the up and downs of the housing market. A few years back I could remember watching the news, seeing the reporters talk about the market and its continuous downfall. From how things looked, it was terrible. Even today, the foreclosure crisis is still an ongoing recovery. However, Boomerang buyers are a sure example of that road to recovery. So now due to the bettering housing market buyers should consider rental purchase or rent-to-own as more a secure option. In the past years, the housing market is proven to be pretty unstable. Nowadays, I feel like buying a home is gambling with the security of your family and yourself. With the unstableness of the market, it is impossible to tell of any declines to come. Rent-to-own is a safer option and it provides you with plenty of useful benefits. …show more content…
For starters, renting has become more popular over the years then homeownership. It allows you the benefit of no long term commitment. So basically you’re not forced to stay in a home that you could possibly lose interest in. This could be the house itself or even the community. Perhaps, the neighborhood you’ve moved into may be on verge of physical or economic decline and you know longer recognize the community you fell in love with. Once, your lease is up, an agreement at an average 12-36 months, you are able to move. Also, with the uncertainty of your job, perhaps you may need to move because of a job loss or job transfer. Life is full of surprises and uncertainty. Anything can happen at any given moment that can change your current circumstances, especially in this day and age. So being tied down to a lease may not be best option of choice. It is important that you are flexible and always ready for any difficulties you may come
Georgia State University
As a freshman in college, I have not fully experienced the up and downs of the housing market. A few years back I could remember watching the news, seeing the reporters talk about the market and its continuous downfall. From how things looked, it was terrible. Even today, the foreclosure crisis is still an ongoing recovery. However, Boomerang buyers are a sure example of that road to recovery. So now due to the bettering housing market buyers should consider rental purchase or rent-to-own as more a secure option. In the past years, the housing market is proven to be pretty unstable. Nowadays, I feel like buying a home is gambling with the security of your family and yourself. With the unstableness of the market, it is impossible to tell of any declines to come. Rent-to-own is a safer option and it provides you with plenty of useful benefits. …show more content…
For starters, renting has become more popular over the years then homeownership. It allows you the benefit of no long term commitment. So basically you’re not forced to stay in a home that you could possibly lose interest in. This could be the house itself or even the community. Perhaps, the neighborhood you’ve moved into may be on verge of physical or economic decline and you know longer recognize the community you fell in love with. Once, your lease is up, an agreement at an average 12-36 months, you are able to move. Also, with the uncertainty of your job, perhaps you may need to move because of a job loss or job transfer. Life is full of surprises and uncertainty. Anything can happen at any given moment that can change your current circumstances, especially in this day and age. So being tied down to a lease may not be best option of choice. It is important that you are flexible and always ready for any difficulties you may come