
Conventional wisdom holds that buying a home is the best investment you can make, but despite rising rent prices across the country, many people are wondering if it’s still smarter to buy. While a home purchase may not be the best choice for everyone, if you’re focused on building a secure financial future, then the question of whether to buy or rent is a no-brainer.
Why It Pays to Buy
A recent study by GOBankingRates found that in most states, mortgage payments are lower than the cost of rent. However, even if you live in one of the few states where renting is cheaper than buying, there are other factors that you should consider.
- Possible Tax Benefits
- Budget Stability
- Build Equity
- Capital Gain Exclusion
Tuesday November 27, 2018
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