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When renting can be a smart decision

 

Last updated 12/26/2016 at Noon

Oko_SwanOmurphy/Thinkstock photo

FALLBROOK – Conventional wisdom suggests buying a home makes more financial sense than renting. In many cases, this is true. However, renting is sometimes a smarter approach than buying.

As with any financial decision, all of the options and circumstances need to be weighed before jumping in. Making a major purchase requires doing some homework. The following are some reasons why renting can be more beneficial than buying.

Youth

The National Association of Realtors says the typical first-time home buyer is 31-years-old. People who are younger than that and uncertain about their futures...



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