Wednesday, May 14, 2014

Rent Or Buy?

An interesting visual look at cities in the U.S. where it is more affordable to buy (red dots) where it is more affordable to rent (blue and green dots) and markets close to turning in favor of renting (yellow).

Rental prices are compared to the monthly cost of a home mortgage, which rises alongside rising interest rates and higher home prices. The rent vs. buying cost will continue to be an important factor for the younger generation when deciding to buy because they look at the "guarantee" of rising home prices as less certain than the baby boomer generation.


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