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Owning vs. renting: The pros and the cons

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After several years in which rents have remained relatively stagnant, renting has become a smart option for many people who never would have considered it before. Renting has traditionally been thought of as throwing money away, but owning also has its own versions of tossing money down the drain property taxes and borrowing costs so why not rent and then invest that money elsewhere? more [NYT]