Where it’s cheaper to rent than buy
Time magazine had a cute article about where it’s cheaper to rent than buy. I was a bit shocked that New York City was on that list, but I guess home prices there are even more expensive than NYC’s high rent. In Miami, it’s cheaper to buy than rent and I’m not surprised. The foreclosures here are a way of life. There are so many condos to be had for cheapie, too.
How is it where you live? Is it cheaper to rent or buy?
2 Responses to Where it’s cheaper to rent than buy
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Was that the 15x guy? I heard that on my way to work the other day – I thought it was great advise. That, and what can you AFFORD as opposed to WANT!
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Alas…. we are totally renters in California…
P.S. You know what I’ve discovered is super cheaper to rent than buy? TEXTBOOKS. I don’t know why they didn’t have this when we were in undergrad – but I just started doing this for my MBA program. It is like 1/4 of the price.
Sorry, I’m so in love with it that it was the first thing I thought of when I read this post!
GLM