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674 - 8 Steps to Prepare Your Finances for Homeownership

Money Girl

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How Much Should You Own or Rent?

There's no financial rule that says you must buy a home. Whether you should own or rent depends on various factors, including where you want to live. If you're in a large city, renting can be much less expensive than buying a home. It's not wiseto by a home unless you're confident that you will live in it for at least three years,. Maybe ideally even five years.

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