rent or buy a home – how to decide ..according to real estate experts

get the cost of the home – call it cost

get the monthly rent of that home – multiply it by 12 – call it yearly rent

if the ( yearly rent / cost ) * 100 is 4 percent or less , rent

if the ( yearly rent / cost ) * 100 is more than 4 percent , buy

but remember this – money paid in rent makes someone else rich

when you buy a home , you are building equity in the home – in the long term that is good and one of the ways to build wealth