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Buying a $1 million home at 70 may not beat renting by 90
The analysis notes that a late-life purchase may not provide enough time to recoup costs before the break-even point compared with renting.
MarketWatch explored whether buying a $1 million home for cash at age 70 is likely to outperform renting by age 90.
The outlet’s analysis says a late start can leave too little time to reach the break-even point needed for a cash purchase to look better financially than renting.
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