Asked by Rummus, Lowell, MA • Sat Jan 1, 2011
My understanding is that Home appreciation % is single most important reason that can make owning home compare with renting. Actually if i am not mistaken, considering yearly expenses to own v rent, if home is appreciating at more than 2%, then owning is almost same or cheaper than renting. What do you guys think?
So, I am tempted to own a home in areas where home appreciation is showing upward trend. Can you name some such areas around chelmsford, westford, andover etc
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