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Renting Beats Buying in L.A. Right Now | Los Angeles News
Description
In Los Angeles, renting is outpacing buying by a whopping $2,049 a month—thanks to sluggish construction, shifting demographics, and high costs. Experts say that cash saved from not buying can be invested elsewhere for potentially better returns than a mortgage. With condo prices hitting a 20-year low and interest rates soaring, renting isn’t just an option—it’s a smarter financial move right now, giving you flexibility while you build wealth differently.
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