Is it better to buy or just rent a house? While homeownership is a dream for many people, it isn’t always the best decision for everyone. In addition to paying the down payment, homeowners have to pay for property tax, appraisal fees, legal fees, appraisal fees, home insurance, home inspection fees and mortgage payments. As a renter, you can rent for a longer time and save more money. Now let’s compare the cost of renting vs buying a home. See also How Wealthy People Earn Money on Property Investment and Retiring On Cash-Flow Properties.
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