What to Consider in Deciding Whether to Rent or Buy
Real-estate website Trulia's "Summer 2012 Rent vs. Buy" report, released Thursday, points to the large U.S. metros where owning a house, when taxes and other transaction and opportunity costs are included, is actually considerably cheaper than renting one. These latest findings echo numbers found in prior reports.
In fact, in every single one of America's 100 largest metros, according to the report, owning is now cheaper than renting. For renting, these numbers include renter's insurance and a security deposit. The numbers for owning include closing costs, maintenance, insurance, and property taxes, and assume the house won't be sold for at least 7 years.
READ MORE: http://www.theatlanticcities.com/housing/2012/09/what-consider-deciding-whether-rent-or-buy/3257/