So...here is how you are saving money and building wealth: 1) With typical appreciation, you should gain $112,493 in 5 yrs. 2) You will NOT be spending $120,000 in rent over 5 years if you are paying $2000/month for rent now. 3) If you buy now, your payment will be approximately $180 higher if you wait 2 year to buy and you will have approximately half the equity.
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