Buying vs. Renting – The Right Answer Depends on How Long You’ll Stay
Buying a home only beats renting once your equity gains outweigh the extra costs of buying, owning, and selling. For a typical home nationally, Zillow puts that at about eight years. Before you buy, compare how long you’ll realistically stay with your area’s break-even. If you’ll likely move before you’d break even, keep renting.
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