The argument in the press over whether to buy a home or rent an apartment in Glen Allen, VA continues. The rent versus buy debate is complex and the important issues and questions can get lost in the emotion. Often people forget that buying home is only appropriate for some. Those who say that renting is money down the drain are missing the point.
Renting a 2-bedroom apartment in Glen Allen, VA provides flexibility and amenities for those who are not interested in buying a home. Unlike buying, renting in an apartment is more relaxing, more mobile, and a faster and easier transaction; not to mention you can have access to apartment amenities that most cannot afford when buying a home. Renters carry no responsibility for building maintenance and have no exposure to house price fluctuations and risk.
Renting a home also provides options for those for whom it is not appropriate to buy right now, such as college students, those who have just graduated, those who may switch jobs, those who would prefer to be mobile, or those who are not interested in home maintenance or home ownership.
Excerpts - Mortgage Strategy