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Yakov is in his mid-60s and currently lives in Boston; his wife passed away six months ago. He's now considering moving closer to his children

Yakov is in his mid-60s and currently lives in Boston; his wife passed away six months ago. He's now considering moving closer to his children in Denver. His retirement income, investments, and inheritance are sufficient to make his current bills require only 35% of his income. He is young for his age, and he enjoys performing or dealing with necessary maintenance tasks around the home. Based solely on these factors and assuming that everything else remained constant, should Yakov rent or purchase? Rent Purchase

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