Rents, like most housing costs, are simply a function of supply and demand. When supply of apartments and rental homes is high and demand is weak, rents fall. Conversely, when supply is tight and demand is strong, rents rise. At the local level, rents and housing values tend to rise in tandem. A hot housing... View ArticleRead More
Tag Archive: renting vs buying
If you need more living space or a change of scenery, it might be time to find a new home. As you prepare to move, you might go back and forth with whether to buy or rent. It’s a choice you have to make for yourself, and there’s no wrong or right answer. According to... View ArticleRead More
Buying a home can be financially rewarding, but it also has its challenges. Many renters can’t wait for the day when they’re able to get the keys to their own house. Ownership can provide a sense of stability, giving you full control to decorate and remodel as you like. But before buying, it’s important to... View ArticleRead More
Over a 30-year period, is it generally cheaper to rent or to buy a house in expensive places like San Francisco or New York City?
Yes, housing prices can be astronomical in cities such as San Francisco. But monthly rents are also extremely high in these cities, especially in their more desirable neighborhoods. Here’s some good perspective: A recent study by Trulia of the country’s largest 100 metropolitan areas found that buying a home in these urban areas is 38... View Article