Do You Know the Real Cost of Renting vs. Buying?

Buying

Rent-vs.-Buy-STM

 

Some Highlights:

Historically, the choice between renting or buying a home has been a close decision.

Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.

Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!