Question
Q

Should I buy my own apartment or continue to rent?

By Pankaj Agarwal
event 21-Jan-2018 share
Should I buy my own apartment or continue to rent?
A
Answer

Shival Chaudhary

21-May-2020 05:01

The average monthly cost of renting is derived from the sum of rents and maintenance costs whereas monthly cost of buying is calculated by adding maintenance costs to EMI. A high ratio indicates buying as the best option and a lower ratio points towards renting as the best option

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