–How long do you intend to stay in your next home? Renting is better than buying if you anticipate moving in a short period of time.
–Do you plan on keeping your current job? If not, can you reasonably expect to find another job in the same area?
The purchase of a home involves a number of one-time fees and expenses. If you end up staying in the home for less than five years, it will be difficult to justify the expenses associated with a home purchase. On top of taking a financial hit on closing costs, you get the added burden of selling your home and another batch of expenses from the sale.
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