How "Rent vs. Buy" Shifted in 2023
The Money with Katie Show
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How to Save for a New Lease
The cost to break a lease is typically one month of rent, but your lease will specify. Zillow: We knew terminating before the one year mark would mean paying about $5,000 in early termination fees. In order to come out ahead by choosing the shorter term and risking it, the annual increase in costs would have to be less than $4,500 per year. The price of flexibility is less than the potential cost of breaking a lease if we were to lock in that rate at 24 months and then needed to break it for some reason.
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