Maybe Renting Is The Answer? The Pros And Cons Of Buying A Home

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CON: Expenses

Owning a home is expensive enough but purchasing one can also leave you with only a few pennies to your name. One of the biggest reasons why people prefer renting is because of the costs associated with homeownership including down payments, closing costs and homeowners’ insurance among other things can put you in the poorhouse for a while. Be prepared to sit in your new dining room and eat beans for a minute while you get the finances back up to par.

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