cheaper to buy or rent when you have the money upfront?

Tips and Deals Forums Home Insurance cheaper to buy or rent when you have the money upfront?

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    Anonymous

    I’ve got the money in the bank to buy a $ 30,000 dollar home upfront. It’s an old cheapy looking home. But what I was wondering was, would it be better to put that 30 grand in the stock market, and rent? I could get a cheapy little apartment for 250 bucks a month which makes $ 3,000 dollars a year for rent with no utillities included. How much would property tax, and insurance be on a 30 thousand dollar house (approxiamately)? And then you gotta factor in repair and maintanance costs. Would the home appreciate in value with inflation? it’s an old home, and I hear mobile homes de apreciate in value.

    Any help would be greatly appreciated! Thanks!

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