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by glofish
2328 days ago
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This advice is not universally valid. There are plenty of situations where renting is greatly advantageous. Being dogmatic is what everyone needs to avoid. Being preconditioned to the idea that buying is automatically a good decision is to be avoided as well - when you take out huge loans with little equity you end up paying twice or more for the property - not to mention the massive costs of owning a home: from taxes to crippingly expensive home repairs. You can easily end up paying three or four times more than renting. Had you invested just the difference, in thirty years you'd be a million dollars ahead. As always weigh the options and choose the one where the long-term math checks out. |
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