Last week NPR reported both on why now is a good time to purchase a home, and that homebuyers are still very cautious. As seen by the conflicting sentiments, the discussion of homeownership is always a lively one, and with current rental markets skyrocketing, we decided to revisit the age-old-question: To Rent or To Buy?
Should you buy a house, or does renting have more benefits?
UPDATE: Great infographic from CreditSesame on Rent vs. Buy Ratios in your city, click here.
References:
1-http://www.mortgagecalculator.org/
2- Credit Sesame: Real Cost of Your Debt
3- Free by 50: What Does Maintenance Cost?
4- The Grove: Things Renters Should Know
5- Forbes: Best and Worst Cities for Renters
Other Sources: Little House in the Valley, Mint.com: How to Buy a House,
