Why many Mayo residents buy instead of rent (and when they shouldn’t). Every year I work with residents coming to Mayo Clinic, and the biggest question is always the same: “Should I rent… or buy?” Here’s why many do end up buying: • Monthly payments are often similar to rent, especially with physician loan options (zero down payment options if eligible). • Rochester is stable and demand stays strong year after year • Some residents rent out a room to a coworker or traveling medical professional
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