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
houses and whether it is right for you visit our buyers section at the buyers link above.
Discount commissions for sellers.
Cash rebates for buyers.