Homeownership is almost always more expensive than renting - on average, 14% more expensive, if
Homeownership is almost always more expensive than renting - on average, 14% more expensive when you factor in expenses such as insurance, taxes, and maintenance.
But in recent years, the difference has become much more significant, as virtually all the costs of homeownership have risen sharply. How significant is it? Exact cost estimates vary, but recently the cost of homeownership has been at least 35% higher than rent, which is close to historic highs, and this difference will most likely persist.
Yahoo Finance
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