Yesterday, I offered my take on when it might make sense to rent a home vs. buying. Today, Miranda offers her two “cents” on the topic.
One thing that the housing market crash taught us is that not everyone is ready to buy a home. We are so used to thinking of home ownership as part of the American Dream that we sometimes forget that it is impractical for some people to buy a home. However, if you are in a stable financial position, and you have prepared ahead of time, it can make sense to buy. You can use an online calculator to help you make that decision. Here are some things to think about as you consider whether or not you are ready to buy a home or keep renting:
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