Rent vs Buy: What Makes Sense in Today's Market?
The rent vs buy decision depends on how long you plan to stay, local price-to-rent ratios, and your overall financial flexibility.
If you expect to move within three years, renting often wins after transaction costs.
If you expect to move within three years, renting often wins after transaction costs.
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Mortgage rates also play a huge role in this calculation.
I usually tell clients to use a 5-year rule of thumb.
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