College Students Benefit from Renting an Apartment
College Students Benefit From Renting an Apartment
Letra Fields
Com/156
September 25, 2011
Ali Gavenda
College students prefer to rent an apartment as opposed to the costs of being a home-
owner because spending more on housing necessarily involves a trade-off. The more
students spend on any one thing, the less they have to meet other needs or achieve
financial goal. While owning a home is a good investment, college students prefer to rent
rent apartments because they avoid property taxes, may invest in stocks, and maintain
flexible qualities.
According to Mclean, (2011) most jurisdiction pays for community services, such as
Roads, schools, fire departments, and police protection by levying a tax on real estate
property. Property taxes are calculated by multiplying a property tax rate, often called
the MIL rate, by assessed value of property in thousands. For example, a property assess-
ed at $90,000 would pay the tax rate time 90, whereas a property assessed at $150,000
would pay the tax rate times 150. The more expensive the house the more you pay.
The debate over whether to rent or buy has become a permanent fixture of the real
Estate world (National Review, 2009). “Real estate has been seen as a very good place to
put your money during past decades, but I think sentiment is starting to change, “says
Benjamin Tal (2008), an economists at CIBC World Markets. In fact, some renters
believe that, over the long run, they can do more to grow their net worth if they avoid
homeownership and put their money into stocks. But wait, aren’t stock markets dead?
Not really. Over the
Letra Fields
Com/156
September 25, 2011
Ali Gavenda
College students prefer to rent an apartment as opposed to the costs of being a home-
owner because spending more on housing necessarily involves a trade-off. The more
students spend on any one thing, the less they have to meet other needs or achieve
financial goal. While owning a home is a good investment, college students prefer to rent
rent apartments because they avoid property taxes, may invest in stocks, and maintain
flexible qualities.
According to Mclean, (2011) most jurisdiction pays for community services, such as
Roads, schools, fire departments, and police protection by levying a tax on real estate
property. Property taxes are calculated by multiplying a property tax rate, often called
the MIL rate, by assessed value of property in thousands. For example, a property assess-
ed at $90,000 would pay the tax rate time 90, whereas a property assessed at $150,000
would pay the tax rate times 150. The more expensive the house the more you pay.
The debate over whether to rent or buy has become a permanent fixture of the real
Estate world (National Review, 2009). “Real estate has been seen as a very good place to
put your money during past decades, but I think sentiment is starting to change, “says
Benjamin Tal (2008), an economists at CIBC World Markets. In fact, some renters
believe that, over the long run, they can do more to grow their net worth if they avoid
homeownership and put their money into stocks. But wait, aren’t stock markets dead?
Not really. Over the