Anyone saving to purchase their first property knows the mental delimma you face with deciding (or reconciling with your decision) to rent while you wait to purchase your first home.
Whilst the popular advice given by elders is to purchase that first home early-o-clock, the world that we live in now is so different. How do you know if you’re making a good financial decision, or just heading down a road to potential financial ruin? Is there a way to calculate if it makes financial sense?
In today’s article, our Credit Analyst, Johann Passee, weighs the financial pros and cons of buying vs renting for first-time home owners.
This article is a 12 min read.