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Q: Condo Leasing versus Purchase ( Answered,   1 Comment )
Subject: Condo Leasing versus Purchase
Category: Family and Home > Seniors
Asked by: raf5873018-ga
List Price: $5.00
Posted: 22 Feb 2003 12:12 PST
Expires: 24 Mar 2003 12:12 PST
Question ID: 165665
Now that I am retired, what are the financial advantages of leasing a
condo versus buying a condo, vice versa?
Subject: Re: Condo Leasing versus Purchase
Answered By: jeanwil-ga on 23 Feb 2003 04:12 PST
Hi raf5873018-ga,

I have done some research on 'buying vs renting' and have located
websites with detailed information, discussion etc for you to view and
make your decision.

Renting vs leasing a condo

Renting vs. Buying

Ed Sacks: renting vs. buying

Home Buying Decisions: Rent or Buy


Renting vs. Buying

Financing: How to Seal the Deal

Real Estate - Renting versus Buying a Home

Why buying a home can be a bad investment vs renting

Getting Started: Buying vs. Renting

Why Rent? Renting Vs. Owning

Rent vs Buy

Hope this helps.

If you have any other questions please contact me.

Best regards


search words 'renting vs buying'
Subject: Re: Condo Leasing versus Purchase
From: jareddxp-ga on 08 Dec 2004 18:49 PST
There are 2 very important considerations when buying or leasing a condo. 

1. The most forgotten calculation when deciding the buy/lease decision
is TAXS in many states, by claiming a home as your residence, you can
lock in a below market tax assesment, when a property is leased it
does not have this advantage. And while you may not pay the taxs
directly for leased property, they will be worked into future rent

2. Leasing a condo only buys you time in a place, equity and
apreciation, which can lead to huge resale profits as of late, can
only be seen by purcahsing.

Of course, depending on your age, lifestyle and financial situation
this is all subject for interpretation.

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