Re: Buying or renting a home

From: <MsProf2U@aol.com>
Subject: Re: Buying or renting a home
Date: Thu, 6 Aug 1998 13:51:37 EDT

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<< For many years I have wondered whether it was financially smarter to
 purchase a home or to continue renting an affordable apartment that
 allows me to make tax deferred contributions to a pension plan.  As a
 renter, I am neither building equity nor reaping tax benefits.  However,
 as a renter, I believe I am able to save greater sums of money than I
 would otherwise and I have shown myself to be a disciplined saver.
 Also, although I have lived in this area for more than five years, this
 was not a given when I first moved to this area.  At this time, it is
 much more of a given.  Any comments would be appreciated.   >>

It's financially better to own if real estate in your area appreciates. It's
financially better to rent if houses in your area are depreciating!
Hindsight's a great thing, ain't it? :)



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