The decision between renting and buying is often a confusing one. Depending on your specific situation, you may find one has more benefits than the other. Be sure to weigh the pros and cons for each before making your decision.
Perhaps your job will play a factor. If you’re in a situation where you may move every few years, consider renting for the flexibility. If you travel frequently for your job, renting might again be the right choice if you’re looking for less responsibility in terms of maintenance. If you’re going to be in one place for a longer time, are hoping to build equity in the long term or are looking for security for your family, then perhaps the time is right for you to buy. A decision this big should not be rushed into without examining all the factors involved.
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