The pros and cons of renting vs. buying

When it comes to looking for a place to live, there are many considerations, including things like location, home size, access to necessities like groceries and schools and amenities like entertainment and shopping.

The housing market is an especially tricky place right now, with prices up in most parts of the U.S., making it an expensive proposition to buy a home. However, rents are also up in most places, meaning that there’s no clear-cut answer for which one of these routes is more affordable or better for your budget.

Find out the pros and cons of both buying and renting so that you can make the most informed decision.

Read the full article in the Finances FYI section of The Seattle Times, sponsored by 1st Security Bank.