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When it comes to maximizing your lifestyle and net worth, the question “should I rent or buy” is one of the most heavily debated. Even if you already own your home or apartment, it’s a good exercise to regularly consider whether living there is the optimal move.

Taking on debt to buy is always a gamble. But if you go down that route, your goal would be to use the debt to live a nicer life than you could have afforded to if you had to pay cash. The initial years after taking out debt to buy a home are generally the riskiest.