1. You Don’t Plan to Settle Down
The top reason you shouldn’t buy a home is if you have an uncertain future, or even know that you will be moving to a new location in a short time (under five years). If you don’t know where your path is headed next, it might not be a good idea to commit to a mortgage.
2. You Can’t Handle (or Don’t Want) Responsibility
Having a landlord who takes care of all your home’s upkeep is a huge advantage of renting.
3. You Need Time to Build Your Finances
If you need more time to save up for a down payment, you may want to keep renting until you are financially ready.
4. You Have Other Financial Priorities Right Now
Whatever your financial priorities right now, if using a large number of money as a down payment isn’t helpful to them, you might be better off waiting.
5. You Want a Nicer Neighborhood
Renting can sometimes allow you to live in a better neighborhood than buying would.
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