Homeownership is frequently referred to as the foundation of the American dream, yet owning a home isn't feasible or affordable for everyone. Moreover, there are plenty of dreamers who prefer to rent. This assignment asks you to ponder the various arguments from both ends of the housing spectrum: renting and buying. Upon completing this assignment, you will better understand that both approaches to housing have benefits and both have drawbacks. Interaction with your peers via reading and responding to their opinions will help to expand your own comprehension of the many facets of the rent vs buy decision.

Questions:

Do you consider yourself a renter or buyer (assuming you could afford either)? What are the advantages of your renting vs buying preference? ( as for right now at this stage in life a renter but a buyer in the future when necessary)

 What are the challenges or disadvantages of your position? In other words, if you think homeownership is the way to go, describe some of the disadvantages of homeownership. If renting is your preference, then discuss some disadvantages of renting.

What might be some advantages of your least favorite form of housing? If you prefer homeownership, describe some benefits if you were to rent instead. If you are a renter, talk about some benefits of homeownership.

Finally, explain whether you think it's possible for both renters and homeowners to equally build wealth.

Answer rating: 100% (QA)

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