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Question 1. Based on the following data, would you recommend buying or renting? Rental Costs Buying Costs Annual rent, $7,380 Annual mortgage, $9.800 ($9,575 is
Question 1. Based on the following data, would you recommend buying or renting? Rental Costs Buying Costs Annual rent, $7,380 Annual mortgage, $9.800 ($9,575 is interest) Insurance, 145 Property taxes, 1,780 Security deposit, 650 Down payment/closing costs, 4,500 Growth in equity, 225 Estimated annual appreciation, 1,700 Insurance/maintenance, 1,050
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