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Please use an apartment lease or home purchased property as an example. Have you ever been involved in a lease - or - buy decision

Please use an apartment lease or home purchased property as an example. Have you ever been involved in a lease-or-buy decision at work? In your personal life?
Please describe this situation and be sure to include the following information:
How did you approach making this decision?
What factors went into making the decision to lease or to buy?
In hindsight, do you think that you made the right decision?
Do you think that you made the cost effective decision?

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