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    Should I buy or rent a house?

    Solution Preview

    Let's look at the economics and factors involved in buying vs. renting a home. A house depreciates in value, whether you buy or rent the home. If you buy the home, your investment continually depreciates from the moment you make your purchase. From an economic standpoint, when you sell your home in the future, after paying down the initial home loan, or possibly even after paying the home loan off, chances are that from a financial standpoint you will not recoup the full loan amount that you paid for your home upon its purchase. This means that the community has a home worth X number of dollars, and your home will be sold for under ...

    Solution Summary

    This solution discusses if it would be better to buy or rent a house.