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I put as much into my mortgage as I do into stocks every month so I guess I'm equally vested into both worlds.
I would rent, but my wife likes the idea of owning a place. Yeah, it's an emotional decision, but for her, it's this intangible security that's well worth the cost.
If you go on REBGV, there's statistics showing average sale prices of houses, townhouses and apartments.
Anyone know of any calculators where you can compare the long-term value of owning a home versus an apartment, factoring in taxes, interest, and other costs?
Most of my friends have either bought an older house (that needs fixing) or a newer townhome so it would be interesting to see the comparison financially.
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