in real estate or renting?

Question

Suppose it turns out that they have to relocate after one year. Which is the preferred alternative after one year? (Interest payments over the first year would equal $17,852.)

Answer 1

Rule of thumb is that you need to be in a mortgage 5 years to get ahead of the rent costs .
So , less than 5 years . . . rent .

FYI - mortgage is Principal + Interest + taxes + insurance (house) + mortgage insurance if less than 20% down + . . . .
Maintenance !

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