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Paying rent is NOT “throwing money away”! Buying a home is not always the best financial move!
Paying rent is NOT "throwing money away"! Buying a home is not always the best financial move! Consider the goal of both buying and renting should be to have a place to live. "Equity" has been so engrained in our heads in the US, but may are far better off renting. You are shielded from:
high repair/maintenance expense costs (new AC, roof, etc.) high insurance costs (renters' is WAY cheaper) high interest rates high transaction cost to m...
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