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follow MAGA 2015 Sep 1, 5:46pm
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In most areas of the country, homeownership costs more than renting. Many economists with calculators claim the opposite, but the calculations and conclusions are often highly misleading. As is often the case, the devil is in the details. We recently reviewed one highly publicized calculation that owning was cheaper than renting in almost all markets.
Houses do increase in value over time, even if it is around 1-2% plus inflation