The main thing is to compare the cost of renting vs owning a similar unit. They way it’s apple to apple rather than apples to Oranges.

So, if you rent an apartment compare what it would cost to buy a similar size condo/apartment.

If you rent a house, compare what it would cost to buy a similar size house.

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

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