Please be aware that whereas this content material is broadly relevant, it was initially supposed for a Canadian viewers.
You cannot examine lease to a mortgage cost. This mind-set in regards to the lease versus purchase determination is extraordinarily flawed. Comparing a mortgage cost to lease is just not an apples to apples comparability. In order to correctly assess the lease versus purchase determination, we have to examine the full *unrecoverable prices* of renting to the full unrecoverable prices of proudly owning.
That might sound like a sophisticated process, however I’ve boiled it all the way down to a easy calculation.
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