There are numbers crunchers out there that say it is more cost effective to lease than to buy a primary real estate residence.
What surprises me about these calculations is that they rarely take into consideration two major factors:
First, that rent can be raised by ANY amount upon expiration of the lease.
Second, there is no guarantee that a lease will be renewed at any price.
For me personally, I do not like uncertainty. I buy because I want to fix my expenses and I don’t want to have to move again until I choose to do so.
It’s a personal choice, but one that I have never regretted.
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