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However, it comes with a big price tag.
Some may argue that when you buy a home, youll build long-term wealth.
However, buying a home is not always the smartest financial decision.
Here are five times when its smarter to rent instead of buying a home.
However, lets say the value of the home you purchased 10 years ago has since doubled.
If you own a home, youd need to sell it if you want to move somewhere new.
If you rent, you could just pick up and leave at the end of a lease.
Not to mention, its quite expensive to own a home.
If your water heater breaks or your roof needs to be replaced, youll be financially responsible.
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