vv-2 - Rent vs. Buy Housing Decision Advantages and...

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Rent vs. Buy Housing Decision Advantages and Disadvantages of Renting Advantages and Disadvantages of Buying Tax Aspects of Real Estate Lease vs. Buy Financial Analysis
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Advantages of Renting High mobility No repairs and maintenance Minimal financial commitment Lower initial costs Easier budgeting Superior alternative investment opportunities
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Disadvantages of Renting Lack of permanence Rents may increase unexpectedly No pride of ownership Low status Limitations on remodeling Possible restrictions (pets, kids, etc.) No tax benefits No potential for property appreciation
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Advantages of Buying Pride of ownership Fewer restrictions Tax deductions Potential for property appreciation Leverage Forced savings Can borrow against equity
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Disadvantages of Buying Significant upfront costs Down payment and closing costs Significant search costs and coordination costs
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vv-2 - Rent vs. Buy Housing Decision Advantages and...

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