Where Buying Beats Renting in Savings

NEW YORK (CNNMoney) — For people who are willing to stay put for a few years, buying a home has become a much better deal than renting in almost every major housing market in the nation. In more than.

SmartAsset’s interactive buy vs. rent map highlights the places where buying a home is better than renting based on the number of years you plan on staying in your home. The top 10 counties identified below are those places where buying becomes a better financial option than renting in the shortest amount of time.

In a very general sense, renting is cheaper than buying on the two coasts, where housing is especially expensive, and buying is cheaper than renting in the middle of the country, says Nicolas Retsinas, real estate lecturer at Harvard Business School (although some markets in the country’s middle are expensive, too). Renting’s rewards

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 · Savings Accounts; Mortgage Rates;. Buying Beats Renting in Just Under Five Years in New York City. The buy-rent decision certainly takes longer to fall in favor of buying in the city than it.

 · Buying a home is better than renting, right? That’s what most people say, but The Real Estate Dingo and the Founder of Ohio Cashflow, Engelo Rumora asks you to reconsider – because owning a home.

NEW YORK (TheStreet) — Whether to rent or buy a. it’s cheaper to rent than buy. If folks need to move to another city for a new job or to be with a new spouse, realtor’s fees and other.

Why Renting Construction Equipment Beats Buying. When your rental company passes on its savings, you'll get a much better deal on.

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Home ownership is a terrible investment from a savings perspective. You'll do much better putting money aside and renting.

4 Reasons Renting & Investing Beats Buying & Owning, Hands Down. Although some people are able to just buy a property with savings they.

This past Friday I was speaking with one of my referring realtors, and he asked me about the market and what I thought. I jokingly made sure he reads my column every week and then we discussed the current events with regards to the government’s recent changes.