Oaxaca City, Mexico
Should I buy or rent a home in Oaxaca City?
If you have not spent a lot of time in Oaxaca City, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"The decision to buy or rent a home in Oaxaca City, depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Oaxaca for an extended period and have the financial means, buying a home can be a good investment, as it allows you to build equity and potentially benefit from the appreciation of property values. Additionally, owning a home gives you more control over your living space and the ability to customize it to your liking. On the other hand, renting a home in Oaxaca City can provide more flexibility, especially if you are unsure about your long-term plans or if your financial situation is not stable enough to support a mortgage. Renting allows you to easily relocate if needed and does not require a significant upfront investment. Moreover, renting a home means you are not responsible for property taxes, maintenance, and repairs, which can be a significant financial burden for homeowners. In conclusion, whether to buy or rent a home in Oaxaca City depends on your individual needs and circumstances. Consider factors such as your financial stability, long-term plans, and desire for flexibility when making your decision," explained one expat living in Oaxaca City, Mexico.
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Other Questions:
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- What do people like (and dislike) about Oaxaca City?
- What type of social life can someone expect in Oaxaca City?
- What is the social scene like in Oaxaca City?
- What advice to expats in Oaxaca City have about housing?
- What are medical services in Oaxaca City like?
- Are healthcare and health insurance expensive in Oaxaca City?
- Is the cost of living in Oaxaca City high?
- What are the visa & residency requirements in Oaxaca City?
- Why do people move to Oaxaca City?
Should I buy or rent a home in Oaxaca City?
If you live in Oaxaca City, newcomers to Oaxaca City would love to hear your answer to this question.
