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Personal Finance in Your 20s & 30s, 5E by Susan Shelly McGovern, Sarah Young Fisher

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CHAPTER16

Owning Versus Renting a Home

In This Chapter

  • Deciding whether to rent or buy
  • The good and bad about taxes
  • Qualifying for a mortgage
  • Understanding different types of mortgages
  • House hunting
  • Insuring your home

There’s speculation that millennials simply are not interested in home ownership, that they want to live in cities, rent apartments that require minimal upkeep, and just enjoy life.

Not so, claims the online real estate site Trulia. A recent survey revealed that 93 percent of millennials someday plan to buy a home. While millennials are delaying both marriage and buying their first homes—factors attributed to the Great Recession, ...

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