Should you rent or buy? Which is better? Let me break it down for you. There are so many factors that makes one better than another including rent prices compared with the mortgage payment of an equivalent home, expected appreciation or depreciation of the home, interest rate you can get on the mortgage, hoa fees, property tax, tax bracket you are in that determines your tax advantage on interest payments, and more.
All of these are very complex in nature the result will differ depending on your own situation. However, it is important to have a baseline of calculations so you can see graphically how each factor can influence the outcome. .
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