Do You Know the Cost of Renting vs. Buying? [INFOGRAPHIC]

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!

 

Source: Simplifying the Market

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