The buy versus rent decision Sampled summary

Hello,
This is a nice and interesting topic of study. As per the discussion on the time value of money, the buy versus rent decision, I strongly conquer with the discussion. I would also advise Young to buy the house rather than paying the rent for several years. Purchasing the property is cheaper if she does not look at it to pay rent as a cheaper alternative. Young would incur more expenses while paying rent, such as the miscellaneous fees and the mortgages. According to my assumption, I think rent will be increase by 2% a year in year out; this would make her miscellaneous fee remain the same every year. Based on Amortization payment, cumulative principal, and cumulative interest, these formulas clearly show that Young could be on a safer hand when she purchases a property with a very lower interest rate or to have a property that would not cost her many expenses.
I support Young’s family members and friends who highly advise her to purchase rather than paying rent. Even though purchasing of property is cheaper, there are also other charges such as paying of tax of $300; she would be responsible for the repair and maintenance of the property and pay monthly condo fees for the property. Even if young were getting ideas from people, she still wanted to analyze the buy verse rent decision from a qualitative and quantitative point of view. Time value of money is very necessary as it is a tool acquired from the business school that helps people understand money value. Young has realized that the best way is to calculate the required monthly mortgage that she would lock in the next ten years and the amount she would amortize for over 25 years. She should also consider the monthly payments to make a proper decision on whether to purchase or buy the property,

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