Renting or Buying? Which Will Save You More?
The answer to this question really depends on where you are, market conditions, etc. The California Association of Realtors has compiled information on the monthly cost of buying versus renting in a few major counties in California. As you can see below, overall, buying is much more beneficial to consumers even when you take property taxes and insurance into account. On average, buying yields a 32% savings in California!
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