Now that I am retired, what are the financial advantages of leasing a
condo versus buying a condo, vice versa?

Hi raf5873018-ga,

I have done some research on 'buying vs renting' and have located
websites with detailed information, discussion etc for you to view and
make your decision.

Renting vs leasing a condo
http://www.0downhomeloans.com/rentorbuy.htm


Renting vs. Buying
http://www.austinhomesearch.com/askarealtor/rentbuy.shtml

Ed Sacks: renting vs. buying
http://www.brassringcampus.com/brc/cand/Content/ArticleDetail.asp?docId=913&SectionId=4&SubSectionID=0


Home Buying Decisions: Rent or Buy
http://www.one-ifbyland.com/rentorbuy.htm


Calculator
http://www.communityhousingdevelopment.org/rentorbuy.html

Renting vs. Buying
http://www.insurance.com/profiles_insights/life_events/homepurchase/related/buy_home_rent_vs_buy.asp
http://www.digitaljaz.com/blobblog/archives/000209.html
http://www.e-ottawacondos.com/crentown.htm
http://www.digsmagazine.com/ubb/Forum1/HTML/000021.html

Financing: How to Seal the Deal 
http://www.mlx.com/index.cfm?action=info&subaction=Financing

Real Estate - Renting versus Buying a Home 
http://invest-faq.com/articles/real-es-rent-vs-buy.html

Why buying a home can be a bad investment vs renting
http://forums.moneysense.ca/thread.jsp?forum=3&thread=89

Getting Started: Buying vs. Renting
http://www.myrtlebeachrealestate.com/articles/buying/getting-started/buy-rent.cfm

Why Rent? Renting Vs. Owning
http://www.repohome.com/rent.html

Rent vs Buy
http://www.csba.uncwil.edu/classes_global/fin/FIN235/FIN235-9.PPT


Hope this helps.

If you have any other questions please contact me.


Best regards


jeanwil-ga


search words 'renting vs buying'

There are 2 very important considerations when buying or leasing a condo. 

1. The most forgotten calculation when deciding the buy/lease decision
is TAXS in many states, by claiming a home as your residence, you can
lock in a below market tax assesment, when a property is leased it
does not have this advantage. And while you may not pay the taxs
directly for leased property, they will be worked into future rent
increases.

2. Leasing a condo only buys you time in a place, equity and
apreciation, which can lead to huge resale profits as of late, can
only be seen by purcahsing.

Of course, depending on your age, lifestyle and financial situation
this is all subject for interpretation.