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First home purchases cost 60% more than renting in most cities

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It has been revealed that buying a starter home in the majority of major cities is a whopping 60% more expensive than renting.

This staggering revelation is causing many potential homeowners to rethink their plans and consider the financial implications of such a significant disparity in costs.

The report, conducted by a leading real estate analytics firm, analyzed housing markets in various urban centers across the country.

The findings indicated that the dream of owning a starter home might be considerably out of reach for many aspiring homeowners.

Steep price

While renting provides a level of flexibility and convenience, the prospect of home ownership is an appealing one, but it comes at a steep price.

The rising costs of homes, combined with increasing interest rates and the need for substantial down payments, are contributing to the substantial gap between buying and renting.

Additionally, maintenance and property taxes add to the financial burden of owning a home, making renting an attractive alternative for those looking to save money.

Despite the financial challenges, experts advise potential buyers to carefully weigh their options and consider long-term financial goals. While renting may seem more affordable in the short term, the potential for home appreciation and building equity could provide substantial benefits over time.

However, for those who are struggling to save for a down payment and are concerned about the overall cost of homeownership, renting remains a practical choice in many major cities.

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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Boeing face delivery delays following guilty criminal charge plea

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Boeing’s deliveries are down after months of controversy, is it because they can’t make the planes, or because airlines right now don’t want them?

Boeing has agreed to plead guilty to a charge of conspiracy to defraud the United States in connection with the investigation into two fatal crashes involving its 737 MAX aircraft.

Boeing reported a significant 27% decrease in deliveries for June compared to the same month last year, possibly attributing the decrease to the companies ongoing controversies.

Aviation expert Geoffrey Thomas joins to discuss. #featured

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