Renting vs. Buying: Is the 5% Rule Still Relevant?
Posted on Jun 05, 2024
Deciding to buy a home or continue to rent is a big decision that requires a thorough financial analysis. However, a simple rule of thumb called the 5% Rule is often referenced in these discussions as a tool to quickly and easily assess if buying a home would be more financially beneficial than renting. I first read about the 5% rule when Benjamin...