Renting has several benefits;
Renting leaves you free to move frequently.
When renting the owner is responsible for repairs on the building.
A big plus right now is rents are low in Cape Coral and choices are plentiful at the moment. In uncertain times it may be your best option.
A negative to renting is not knowing an owners intentions of keeping the home. You have to ask the question if the seller is upside down in his property it may not be a good place to rent. When your lease is up you might have to move. If your owner is in financial trouble and going into a short sale or foreclosure you might have to move unexpectedly.
But, if you are employed with decent credit or have cash, this is the ideal time to buy.
When have you seen mortgage rates under 5%? They haven’t been this low in a half century.
When have you seen housing priced below replacement cost? This is definitely time to buy!
If you are staying in the home for more than 5 years, this is the time to make it happen. Tax breaks, freedom to be in control of your own environment. You can paint any color you want; remodel, etc.
You can get a nicer place, and monthly costs are stable as long as property taxes stay stable and that should happen.
There are a few dangers. If something breaks you have to fix it.
If you can, BUY NOW! This opportunity won’t come around again in our life time.