Several months ago I was doing some research to answer the question: "is it better to buy a new home or rent?"  The fact is that the seemingly endless run of bad housing news has discouraged some potential home buyers from considering a purchase.  Ron Lieber from the New York Times provides some additional reasons why "homeownership TRUMPS Renting."

Several months ago I was doing some research to answer the question: "is it better to buy a new home or rent?"  The fact is that the seemingly endless run of bad housing news has discouraged some potential home buyers from considering a purchase.  Ron Lieber from the New York Times provides some additional reasons why "homeownership TRUMPS Renting."

5 Reasons Homeownership Trumps Renting

Here are five of them:

  1. Be your own landlord. The bank can only kick you out if you don’t pay; a landlord can be much less dependable – deciding to sell the property or choosing to live there themselves.
  2. Paying the principal is forced savings. Yes, it’s possible that home prices will fall further. It is also possible that your 401(k) will lose value. But over the long haul, both are likely to enjoy modest gains in value.
  3. Fixed-rate mortgages never rise – and eventually you pay them off. With mortgage rates at record lows, people who buy now are locking in real bargains.
  4. Good schools. Family-sized rentals are harder to come by in areas with excellent public schools. (Side Note: Patrick Kreiser works hard at building communities within GREAT school districts).
  5. Spacious properties in pleasant neighborhoods. Sizable homes in attractive communities are almost always owned – not rented.


Source: The New York Times, Ron Lieber (08/27/2010)

With that said, keep in mind that Kreiser Construction has four current New Home Communities in Lebanon County waiting for you to consider for your housing needs.  Please visit us at Kreiser Construction to learn more.