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Buying a Home May Outperform Renting
Description
New research reveals buying a home can save you over $64,000 in five years compared to renting, thanks to rising property values. A Tembo study, the First-Time Buyer Index, highlights how falling mortgage rates and manageable housing costs—especially in Glasgow—make homeownership more financially appealing. Yet, the big hurdle? Securing a deposit, often taking over a decade, and many buyers already carry debt. London remains the toughest market, with rent gobbling up more than half of incomes. Despite challenges, the data shows owning still beats renting long-term—and this index is here to help you decide when to jump in.
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