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Unformatted text preview: 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 home you have to think of your mortgage, property taxes, insurance, tax savings, plus the maintenance....
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This note was uploaded on 07/24/2011 for the course COM 156 taught by Professor Hampton during the Spring '10 term at University of Phoenix.
- Spring '10