It is cheaper to rent and more expensive to own for around the first ten years. It’s far, far more expensive to buy than to rent when you consider the down payment, and closing costs. Over a long period of time it becomes much cheaper to own, even considering repairs, unless you have something catastrophic happen, and then hopefully you have insurance.
It is cheaper to rent and more expensive to own for around the first ten years. It’s far, far more expensive to buy than to rent when you consider the down payment, and closing costs. Over a long period of time it becomes much cheaper to own, even considering repairs, unless you have something catastrophic happen, and then hopefully you have insurance.