Buy or Rent

Mandy needs to keep renting until her first house sells because otherwise she'll have two house payments.

QUESTION: Mandy is trying to decide whether to rent or buy a house. Their old house has been on the market for six months and they have four kids.

ANSWER: You rent until your house sells. Don’t buy before then because you’ll have two house payments; that will really hurt you. Rent cheap until you get through this crisis. It’s frustrating to be a renter, so cut the price on your house and get it sold. Dump that thing!

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