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Buying & Selling Real Estate

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Brad H.
Pro Member
  • Rental Property Investor
  • Granbury, TX
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74
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Buying vs Renting your personal residence in the current market

Brad H.
Pro Member
  • Rental Property Investor
  • Granbury, TX
Posted Jan 27 2024, 10:28

In the current market we are in (inflation, rates, housing market uncertainty, etc.) what are your thoughts on buying vs renting your primary residence?  

I own a small portfolio of SFH and a couple of duplexes and we have been renting our residence for the past year. Our lease is coming up in a month or so and while we do plan to stay for another year because of our kids I have started to think more about buying. If I buy another house we would have to downsize but our monthly mortgage would still be higher than what I am paying for rent. I know that depending on who you talk to, your primary is not an asset because it does cost you money each month but I still struggle with paying rent and not building any equity.

What are your thoughts either way?

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