Well I have a different point of view. I have owned and rented and this isn't always an easy answer. A brand new 1900 sq ft villa 3/2 sold NEW last week for $330,000 and would require upfront approx. $75,000. Mortgage with taxes and insurance is just under $2,000. You can rent this home for $2100 a month long term and keep your $75,000. When things break it is the landlord that takes the hit not you. Find a home you like with a landlord you like and go long-term. Rent for 5 years and put your $75,000 in good stocks or mutual fund and in 5 years you end up with over $100,000 if you earn just 6%. If you plan on living here more than 10 years then you may confided buying as the home appreciation may offset your costs. Less than 10 I would consider renting.
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