Do those 'rent to own' housing deals ever pay off?
If you've been in the U.S. recently, you've seen the signs, generally at large intersections: “Rent To Own! No Financing Necessary! Call Now!”
Ottawa-based Rent 2 Own Canada, for instance, claims to help first-time buyers to work towards ownership without a huge investment. Same with Calgary's Rent Faster. And then there's a stack of offers on Craigslist as well.
But is this really the way to go if you're strapped for cash or have a shaky credit history? Or are the deals simply too lopsided?