Renting vs. buying

It’s been a long time since I rented, but here is a shot at comparing the costs associated with renting vs. the costs associated with owning a home. Renting Required items: Rent Renter’s insurance Security deposit (presumably refundable) Possibly required items: Power (sometimes included in rent) Water, sewer & garbage (usually included in rent here at least) Appliances Upkeep related: N/A Homeownership Required items: Down payment House payment Taxes Homeowner’s ins

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