Buying a Home Could be a Bad Career Move
Most of the time, the buy-vs.-rent debate revolves around the best financial decision. That's for good reason: As you've undoubtedly heard more than once, buying a home is the biggest purchase you'll probably ever make. Most people need to borrow hundreds of thousands of dollars to make it happen.
It's not a decision to make lightly, and the numbers involved are something you need to take seriously -- especially when the adage that buying is always better than renting is a myth, not fact.
In some cases, you shouldn't buy a home because it's not the financially sound choice. Taking on a large amount of debt for the long term after shelling out that much cash up front could put you in a precarious financial position.
