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Rent Versus Buy - The Real Cost of Renting!

Being in real estate I hear Realtors talking all the time that it's better to own than rent.  I know that the general population thinks we say that just 'cause we want to sell more houses.  So let's take a REAL LOOK at why it is better to own than rent.
Set the stage:  The average price (mean) of a home in San Antonio, Texas is $156,000.  Given 30 years at 12 monthly payments on an FHA loan at 3.85% (today's market rate for outstanding credit score) compared to a rental payment of $1250 (including rental insurance).
 
Using my handy dandy rent v. buy calculator I get the following results in a full comparison:

 
A you can plainly see, that owning a home is a more financially savvy way to manage your money. It gets even better over time - say 30 years.
THERE ARE OTHER (NON FINANCIAL) BENEFITS TOO!
You get to decorate however you want! You get to own whatever pets that you want! You get a pride of ownership & accomplishment! You get a more stable life! You save money not moving every 12 months by not moving, again! You get a sense ... more

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