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It's Actually Cheaper To Buy Than Rent in #Jax


Q.  My lease is up in August. Is it cheaper to rent than buy? I can't decide what to do.

A. It all depends on where you live.  A recent Trulia report reveals it's actually 36.5% cheaper to buy a home than rent in Jacksonville. But in California the opposite is true.  Many factors come into play when deciding if you should buy or rent. How long you plan to stay in the home, your budget, lifestyle, employment, school needs and family situation should all be taken into consideration before making the leap into homeownership.  I'm probably one of the only Realtors who believes not everyone should own a home.  Renting does serve a need and there is no shame in renting.  I would suggest meeting with a local Realtor or your financial planner to map out a course of action. Good luck.


Click here to view the full Trulia Rent vs Buy report: https://www.trulia.com/research/rent-vs-buy-summer18/

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Phyllis Staines, RE/MAX Coastal Real Estate License #BK660013

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