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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