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Don’t Buy Unless You Can Stay Put


It’s not wise to purchase a home unless you can plan to stay there for at least a few years.

With the various expenses incurred in each home-buying transaction, you may end up losing money, even if the value of your home increases. If the market drops, the loss is even worse.

If you can’t commit to staying for several years, renting is the best choice for you.

Image via flickr/DafneCholet

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