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Reply to "Rent vs Buy"
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[quote=Anonymous]Owning a home is better only if you know that you will stay put there at least 10 years. Else, the transaction costs alone aren’t worth it and you don’t build enough equity and mostly line the banks pockets with mostly interest in the initial years. Now, if you can manage a 10 or 15 year mortgage. A lot less is wasted on mortgage interest and goes into the loan principal. [/quote]
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