There's a pandemic happening and a possible recession looming, but that doesn't mean home ownership has to be out of the question
. I'm lucky my income hasn't been affected dramatically by the coronavirus pandemic, and I know that's not the case for many others., even during this pandemic.I've been renting an apartment for the past five years, and it's worked perfectly for me to this point.
However, when you buy a home, you build equity with that purchase. Over the long run, if your home appreciates in value, this equity purchase tends to be more valuable.While renting comes with flexibility, homeownership comes with customization.
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