One of the most sought after dreams of many Filipinos is to own a house. With the growing number of OFWs and relatively well-paying jobs locally, real estate companies and developers look at them as potential clients. It’s no wonder that condos and subdivisions are popping up in almost every corner of the country.
Historically, Filipino families either have existing land to build their own homes, or buy a new one, or rent a home from someone else.
While both renting and buying have their own respective advantages, renting can be considered to be a better option for you especially if your financial capability is not yet fully-established, i.e. no steady job yet, indebted, or still saving up for a brand new home.
Here are seven reasons why most Filipinos with no properties can have better financial edge by renting than buying a new one. Continue reading 7 Reasons Why Renting is Better than Buying a House