On The Money: Buy or Rent? It's Location, Location, Location - On the Money - Home & Real Estate

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Buy or Rent? It's Location, Location, Location

Published: Wednesday, 9 Jul 2008 | 5:48 PM ET

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In many markets, renting a home or apartment is a savvier financial move than buying, since prices can still go way down. Watch the video to see Carmen on Wednesday's TODAY show explain when -- and where -- renting makes more sense than buying, and stay with On the Money to find out more about Carmen's "Rule of 15," coming up tomorrow.

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Topics:Personal Finance | Housing | Mortgages

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