In recent news it has become apparent that there is a growing trend to rent or lease homes and cars instead of buying your own. Although the repayments of a house or car would work out either the same as renting or cheaper, the investment seems to be the problem because of the long term commitment.
Strategists warn that if there are not enough people looking for new homes or cars to buy the new trend will have catastrophic consequences on the economy as a hole and it will affect everything from retail to employment.
While people are wanting to spend less money and find ways to make their salaries stretch, the latest trend is not good over the long term for the economy or the financial stability of the individual, therefore we still encourage young people to make those large purchase investments, it is better in the long run for everyone.
Leave a Reply