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Even assuming the margin on rent is similar to the interest on a mortgage, mortgages end. Renting does not. So financially, unless the mortgage is much more ex
by petra 6y ago
Even assuming the margin on rent is similar to the interest on a mortgage, mortgages end. Renting does not.
So financially, unless the mortgage is much more expensive, buying is a better decision.
- atleta 6y agoAgain: you either invest into a realty, that happens to be your home, so that you don't have to pay rent, or you pay a rent and you invest into something else. You have to always consider the opportunity cost before you decide which one is a better decision. And it will depend on the market.