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Com156 Week4 Assignment - Renting an apartment is a better...

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Renting an apartment is a better option than buying a home. Many people would think the opposite of this when it comes to our economy today. Let us look at a home that is for sale at $395,000 that is a 4 bedroom with 2.5 baths, and sitting on 2 acres of land. Now look at a home that is for rent at $900.00 a month on 2.5 acres with 2 baths, 4 bedrooms and, a 2 car garage. If you do the math you will rent this home for $10,800 a year, were as the home you would buy for 395,000 broken down to 12 months would average at $32,916. This is something that makes you think to yourself about renting a home, versus buying the home, and the math makes it more outspoken on the price values of your pocket. Who can honestly beat renting a home at $10,800 a year compared to buying a home for $395,000 grand total which equals $32,916 a month for that home? Owning your own home comes with its comforts, as well as the headaches. When you own a home you have to think of your mortgage, property taxes, insurance, tax savings, plus the maintenance. If
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