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Should
you buy or rent? The common theory
is that owning your home is cheaper then
renting? True or False? It depends on a
number of factors, the most important
being the cost of buying vs. the cost of
renting the same or similar home. Market
conditions and your own needs. How long
are you planning to live in the
area?
Often, it may be CHEAPER to RENT
then it is to own. How? Rising REAL ESTATE
taxes and other carrying costs (insurance,
maintenance etc) all should have an impact
- if you are the owner. As a renter, the
owner has to try to cover these FIXED
costs as well as their mortgage. The
larger the home, generally the greater the
carrying costs, giving you, the renter,
more power in getting the best deal. IT
NEVER HURTS to offer LESS then the asking
price - whether you rent or buy - unless
the market conditions are real hot.
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Every