With rent prices as high as they are, is it still worth it to rent or is buying a house the better option?
Rent prices are sky high everywhere and in El Paso you can barely find a home for rent under $1300. At that rate, are the benefits of renting a home still worth it or are you better off owning a home? I know they say you're better off buying a house instead of throwing away money on rent but with property taxes as high as they are in El Paso and prices of houses much higher, is the best option still to buy a house or is renting the better deal? Yes I know the rent is going to someone else instead of buying your home, but does the flexibility of being able to eventually move to another part of town or a city when your lease is up still matter? My lease is running up in a few months and I'm wondering if it's just time to buy a house.