Rent unless your total monthly cost of home ownership is lower than renting.
It’s easy to get sold on the home ownership dream, but if it’s going to jack up your bills, it’s probably not a wise move.
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Many of us rent a home or an apartment because we cannot afford to purchase a home, or because we aren't sure where we want to live for the long term. And that's fine. However, renting is often not a good long-term investment because buying a home is a good way to build equity.
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