3 ms·
5% is more than 0. And over time, it does grow.
by st3v3r 11y ago
5% is more than 0. And over time, it does grow.
- refurb 11y agoSure, your equity grows over time, but lets say you buy a house and live in it for 5 years. Add in the relator fees, title taxes, maintenance, property taxes and interest paid on the mortgage. Now compare that with renting. In some situations you might be better off, but that usually requires appreciation in the value of your home. Often renting leaves you with more money in your pocket than buying does.