Been seeing more of these rent-to-own setups popping up lately, and I'm kinda curious what people think. Quick poll—would you consider one of these deals or steer clear? Curious about your reasons too, if you wanna share.
I looked into rent-to-own a few years back when buying my first place. On paper, it seemed appealing—especially if you're struggling with a down payment—but after crunching numbers, the overall cost was significantly higher. Personally, I'd tread carefully and thoroughly review the fine print.
"Personally, I'd tread carefully and thoroughly review the fine print."
Good call on this. I did a deep dive into rent-to-own myself last year, and you're spot-on about the hidden costs. The upfront appeal is definitely there—especially when scraping together a down payment feels impossible—but once you factor in inflated monthly payments and fees, it loses its shine pretty quick. Glad you took the time to crunch numbers... saved yourself a headache down the road.
You're definitely right to be cautious—I've seen clients get burned by rent-to-own deals more times than I care to admit. They're not always a bad option, but the devil really is in those details... good on you for doing your homework.
