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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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In most areas of the U.S., buying a home is actually cheaper. According to a National Association of REALTORS report, after 6 years, a homeowners mortgage payment is lower than that of a renter. This is assuming the rent has a 5% increase each year and the homeowner is paying a fixed monthly payment.
An unpleasant experience, especially such an extreme one as falling victim to a scam, will certainly put the injured party off transacting on our site (at least for a while). However, as practically everyone who has bought or sold on bidorbuy knows, this platform is just too good to be turned away from.
Mansions are generally a good investment. The luxury real estate market demonstrates consistent growth, despite economic downturns and even during a global pandemic.
I have used Bidorbuy only twice. Paid for goods, never received. Great profit for this company, and they NEVER support or assist their customers, only the suppliers. No integrity in the company.
As real estate investor, I always recommend using the BURL rule which stands for buy utility, rent luxury to avoid financial regret. Utility can be defined as something you absolutely need, with very little unused space.
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People also ask

Transactions on bidorbuy are in South African rands.Bidorbuy. Type of businessPrivate companyFounded1999HeadquartersJohannesburg, South AfricaKey peopleAndy Higgins, Director; Craig Lubbe, CEO6 more rows
Unlike homeowners, renters have no maintenance costs or repair bills and they dont have to pay property taxes. Amenities that are generally free for renters arent for homeowners, who have to pay for installation and maintenance.
Theres good and bad to both. Buying a house gives you ownership, privacy and home equity, but its expensive when it comes to repairs, taxes, interest and insurance. Renting an apartment is lower maintenance and more flexible, but you may have to deal with rent increases, loud neighbors or a grumpy landlord.
A luxury condo is undoubtedly one of the best and most lucrative investments anyone can make. It frees the homeowner from the stress of general property maintenance and is an excellent source of passive income since one can always rent it out.
There is no definitive answer as to whether renting or owning a home is better. The answer depends on your own personal situationyour finances, lifestyle, and personal goals. You need to weigh out the benefits and the costs of each based on your income, savings, and how you live.

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