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What You’ll Learn

This chapter explains the key differences between renting and owning a home, breaks down the upfront and monthly costs of each option, and explores long-term factors to consider when making housing decisions.

Key Takeaways:

• Renting vs. owning: main costs and responsibilities

• Upfront costs like security deposits vs. down payments

• Ongoing costs: rent, utilities, maintenance, property taxes

• Long-term trade-offs between flexibility and equity building