PRO: No lost value
Just as one has to consider no gained equity, it’s important to look at the flip side which can actually be a reason to rent. When the economy hits a bump, like the one that hit a few years ago and continues today, one of the biggest things to falter are home prices. Forget looking forward to an increase in your home value. Let’s just start with the hope of not losing equity which would make you owe more than your home is worth. Unfortunately, this is a harsh reality many homeowners have had to face which can make the option of renting a bit sweeter.