Should I buy or rent a house?
Not what you're looking for?
Should I buy or rent a house?
Purchase this Solution
Solution Summary
This solution discusses if it would be better to buy or rent a house.
Solution Preview
Let's look at the economics and factors involved in buying vs. renting a home. A house depreciates in value, whether you buy or rent the home. If you buy the home, your investment continually depreciates from the moment you make your purchase. From an economic standpoint, when you sell your home in the future, after paying down the initial home loan, or possibly even after paying the home loan off, chances are that from a financial standpoint you will not recoup the full loan amount that you paid for your home upon its purchase. This means that the community has a home worth X number of dollars, and your home will be sold for under ...
Purchase this Solution
Free BrainMass Quizzes
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.