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March 14, 2011 3:09 pm at 3:09 pm
#750050
yaff80
Participant
Make yourself a cheshbon.
If you have the downpayment, then it certainly makes more sesne financially to buy. When renting an apartment, every month you pay someone your hard earned gelt, and you gain nothing more than a roof over your head for that month and thats it. When paying a mortgage, the money you pay to the bank for the mortgage, is reapying a loan, and eventually you will own your home. This can act either as a retirement package – you downsize and live off the proceeds, or you leave for the family after 120!
The only bonus of renting is the ability to move from one apartment to another.
Any other plus-sides to renting?