Omaha Houses For Rent

Since the real estate recession people have taken a more pragmatic approach to the rent vs. buy question. For decades renting was viewed as a poor financial management choice. Renters don't build equity for themselves, they build it for the landlord. When real estate markets are strong and home prices rise, renting a house seems to be a poor choice. The advantages of owning seemed obvious, tax deductibility of interest, amortization of closing costs and of course loan principal reduction (building equity). Capital appreciation builds equity as well.

When the real estate market peaked in the middle of the last decade real estate owners saw the down side of ownership, price depreciation. Omaha was fortunate, losses were minor compared to other communities, but home owners saw years of equity vanish before their eyes. Avoiding home ownership at this stage in the market may not be the wise choice just as avoiding renting last decade may not have been wise.  Omaha has houses for rent just like it has houses for sale. One option is not necessarily better than the other. Understand your options as they relate to your circumstances. It is also helpful to have an understanding of the real estate market in general. If housing prices seem ridiculously high, they probably are. Markets do not go up forever and likewise they do not go down forever. For more information on buying houses and whether it is right for you visit our buyers section at the buyers link above.