Which is Better: Renting or Buying a Home?

Before our nation’s housing crisis began in 2007, the rent-vs.-buy question wasn’t really a question at all. Because the answer was: If you can afford it and you’re going to stay put long enough to recoup the transaction costs, you buy. Simple.

That’s because, for the generations leading up to the Great Recession, buying was always superior to renting for two reasons – one societal and one financial.

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