Persuasive Essay

Persuasive Essay

Persuasive Essay Final Paper
Daphiny Ragone
COM/156
April 17, 2011
Sherry Slovick
Axia College of University of Phoenix

To Own or to Rent
Owning a home is an investment and will pay off; however, renting a home in today’s economy will be the financially stable choice. Renting in today’s economy can make every day hassles become a bit easier. Ultimately Americans are looking to save money in every aspect of life. The decision to own versus rent a home is reliant on many factors, most of which are totally personal. If thought out carefully both options could be the right choice depending on one’s lifestyle and priorities. First think about the pros and cons of owning versus renting. Then review financial statements including expenses. This will assist in the decision regarding what will be more affordable for the budget.   Next think about the future, life may through in twist and turns one should always be prepared. The rollercoaster that the economy is on makes the decision to buy a home a little complex or rather risky.
First developing a realistic point of view is crucial when considering owning versus renting. Know the pros, cons, and facts when looking at owning versus renting. The pros of owning are as follows: the property can gain equity as well as tax advantages, owning will provide stabilized payments, owning ensures a permanent place to live, multiple families can live in a home (this can be good to share the cost of expenses), the home owner can decorate or expand as they wish as well as create their own yards. The cons of owning a home are as follows:   the home owner is responsible for his or her own maintenance costs, the owner must pay property taxes and Homeowners insurance, moving can be difficult when the owner has to sell a house first. With an unreliable housing market there is always a chance that the homeowner will lose money. The pros of renting are as follows: rental payments can be...