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LOAN LENGTH A lot depends on how long you plan to live in a home.
There are two key considerations: how long you plan to live in a home, and how much you can afford in closing costs.
In general, whether renting is better than buying largely depends on individual circumstances, including what you can afford, what's on the market and how long you plan to stay in your home.
To make this determination, you must first determine how long you plan to stay in retirement.
For those facing the question with lesser means, the answer depends on how long you plan to stay single.
Then SmartAsset tells the maximum price of the home that you can really afford and offers a graph modeling the rent vs. buy decision, depending on how long you plan to live in the home.
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How long do you plan on working?
How long do you plan to keep playing?
■ How long do you plan to live in the home?
And it is important to start tracking its value long before you plan to sell.
How long do you plan to stay at this job, they quiz.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com