Should You Buy or Rent a Condo?

Is it much better to buy or rent a condo? Lots of people ask this concern, but commonly only hear one response. People in North America generally think that it is better to buy a condo as opposed to renting out one, and they have a good factor for thinking this. In many markets, condo rates generally rise around 4% yearly. So, if you get a condo for $250,000 as well as put 5% down, you will spend $12,500 of your very own cash. If your condo then goes up…

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