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Rent vs. Buy: What’s the Right Decision for You?

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They didn’t have the income or credit to buy and struggled with student loan and credit card debt, so it was harder to save for a down payment.”. People wanted to buy homes in 2004 to 2008 because of their unrealistic expectations about price appreciation,” says Palim. Average rents rose 16% in 2021, according to Zillow.

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