For decades and even longer the ideal goal was to buy a home, live there for years, pay off the mortgage and sell it and have that money fund your retirement.
Well over the past few years there have been some drastic changes made to those ideas, especially due to the foreclosure problem this country has been faced with.
Many people who are unable to buy, or simply don't want to, are learning the benefits there are to simply renting a property.
Banks have made it so difficult to get a loan right now, first you have to have established income and a huge down payment, and after that you have to wait for approval.
If you want to buy even a medium priced home it can cost you as much as $50,000 just to move in.
if you have that money and rent, you can get a nicer place or the same type of place as the home you wanted to buy, and still have that money in your bank account.
A big factor in why people want to rent is because of the turmoil we saw people go through with foreclosure.
Plans change, things happen and you may not have the money you need to pay the mortgage.
If you are renting and need or want to move quickly you do not have to worry about it.
But if you own your home and want to or need to move fast you have to worry about selling it and that can take months and even years to do, especially here in San Jose.
There are many great places available here in San Jose that you can rent, but you need to use credit repair to fix your score so you can get them.
Owners now run a credit check even if you are renting and you can miss out on a great property.
Credit repair will fix your damaged score in weeks and save you a lot of money.