Should You Buy or Rent a Home?

Even though the image of owning our own home, complete with a white fence, seems to always stay with us, nobody can disregard the news of how home ownership has meant financial disaster for many American families in the past several months. Most of us, over 50, probably always assumed we would own our own residence by middle age. And many of us have bought a house or two. How has that worked out for you?
For many families, home ownership has been great. The family home has provide security and pride. For others, the home has become a burden which ended up costing a lot of money without much real return in the end.
Costs of Home Ownership
Let us take a quick glance at some of the costs of home ownership. Consider these, and then try to determine if owning will give you a real advantage. Understand that this is not about what is good for your coworkers, friends, or Aunt Jane. This is all about what is good for you.
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