I’m a 23F trying to figure out the best long term strategy for home ownership vs. renting.
I’m in a position where I could purchase a home in the next 3-5 years, but also know that with ownership comes property taxes, HOA dues, insurance, maintenance, etc…
I’m wondering if over the long term (30-40 year horizon), it is a better financial decision to instead RENT and invest the excess expenses that would have resulted from owning a home.
I tried to do some calculations online, but can’t find a straight answer.
Appreciate the help and guidance!
I’m in a position where I could purchase a home in the next 3-5 years, but also know that with ownership comes property taxes, HOA dues, insurance, maintenance, etc…
I’m wondering if over the long term (30-40 year horizon), it is a better financial decision to instead RENT and invest the excess expenses that would have resulted from owning a home.
I tried to do some calculations online, but can’t find a straight answer.
Appreciate the help and guidance!