Tuesday, June 26, 2012

Owning is Better than Renting

A recent study of housing markets across the US showed that in a few locations, it is better to rent.
"In theory, plummeting home prices and record-low interest rates should make buying a home cheaper than renting one. But experts say in some parts of the country, it still pays to be a tenant."
South Florida is NOT one of those regions

Selected areas were:
  • Northern New Jersey
  • Long Island, New York
  • California (all)
  • Seattle, Washington
  • Honolulu, Hawaii

Source: Market Watch

No comments:

Post a Comment