Lecture 7: The Economics of Home Ownership
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When and Why to Buy a House
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for a while keeps you more mobile and saves you thousands of
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tax is an expense that is, in a way, very much like a rental payment
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a home is much more expensive because you have much more to
insure, including the house, its contents, and even some liability
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SHUPRQWK% When you borrow money using a mortgage, you gradually pay
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RQWKLVYHU\ODUJHDPRXQW% Why might you still buy a house, despite all of the costs? There
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Research shows greater life satisfaction among owners as compared
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