Real Estate

Owning Versus Renting

Why do some people prefer to rent rather than own?

Some people prefer not to devote time for maintenance and fixes that home ownership requires. Other people may live on their own, and would prefer not to own a house until they are married or living with another person to share the responsibilities. Others need to continue to rent to improve their financial position so they may afford to purchase a home one day, according to experts at the Chicago Tribune.