Rent or Buy? Many people jump into homeownership without fully understanding the true costs. That's where the 5% rule helps simplify the rent vs. buy decision! Here's how it works: The unrecoverable costs of owning a home--property taxes, maintenance, and mortgage interest-- add up to about 5% of the home's value per year (whether you have a mortgage or not). If your annual rent is less than 5% of a similar home's value, renting might be financially smarter. If your rent is more, buying could ma
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Rent or Buy? Many people jump into homeownership without fully understanding the true costs. That's where the 5% rule helps simplify the rent vs. buy decision! Here's how it works:
Canadian Financial Literacy. ByErik ヵ · desolate (Slowed). Rent or Buy? Many people jump into homeownership without fully understanding the true costs. That's where the 5% rule helps simplify the rent vs. buy decision! Here's how it works: The unrecoverable costs of owning a home--property taxes, maintenance, and mortgage interest-- add up ...
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13K views · 283 reactions | Don't Throw Away Your Rent Money! Turn Rent Payments into Home Ownership. Rent To Own Homes - Get Instant Access! | Get Rent To Own | Facebook
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