Now that you’ve decided home ownership is for you, there’s one more important question to consider: Is it better to rent or buy a house? That depends on your situation, finances and goals. Many people are asking themselves if they should buy or rent because they are purchasing their first home or moving into another home and downsizing for retirement.
Buying a home is part of the American dream and there’s a lot of independence, pride and satisfaction that comes with it. While, for this reason, it may be better for some people to buy a house, there are a lot of other factors to consider. Is it better to rent or buy a house? This guide will help you decide.
When is Buying a House Better than Renting?
Buying a house is better than renting
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