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Buy versus Rent

December 17th, 2007 · 1 Comment

Is buying a house always your best financial option? It depends on you and your life.

Does this sound like you?

  • I’m much more likely to pay a mortgage than I am to put money aside for saving and investing
  • I like working on a house and think renovations should be made with esale value in mind
  • I plan to stay in one house for a long period of time

If it does, you might be happiest owning a home.

Or is this more like you?

  • I think the stock market has better returns over time than real estate
  • I have no idea where I will be living or what I will be doing in five years
  • I would much rather have somebody else take care of upkeep and maintenance

If that sounds like you, it might make more sense for you to rent.

Tags: Personal Finance

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