econ comic
Storyboard Text
- Slide: 1
- Right here is a home for sale. In this home, you can build equity and you can do whatever you want to do to it, with none of the restrictions that you would normally face with renting.
- I LOVE that. I really want to be able to raise my equity while not having to worry about whether I can paint the walls a different color or not.
- Slide: 2
- Unfortunately, you now have to pay for every single thing that breaks in the house, and also pay the property taxes too, so you have to spend more money up front.
- Gosh, I really don't know if I can afford a large down payment right now, and property taxes are just increasing the amount of money that I would have to make to afford this place.
- Slide: 3
- What is the process like for renting or buying?
- With renting, you'll first find a property, submit a rental application, inspect the place, sign a rental agreement, then you'll move in and be expected to maintain the property.
- With buying, you'll first find set your expectations, apply for a mortgage, find a realtor, make an offer, inspect the property, close on the property, and then maintain the property.
- Renting and buying has their pros and cons, but in the end it comes down to the personal preferences of the buyer.
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