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This study is focused on price to buy, where a huge segment of the population are renters. This is the core issue with so many of these reports. Focusing on bu
by rtpg 8y ago
This study is focused on price to buy, where a huge segment of the population are renters.
This is the core issue with so many of these reports. Focusing on buying already rules out a huge segment of the population (incidentally the ones who have trouble surviving!), and ignores the fact that rent/buy ratios are very different between markets.
US buying prices are relatively low because of how the entire economy is based around home ownership. But almost half the population rents.
- jackcosgrove 8y agoThere is a connection between prices and rents that can be warped temporarily and be permanently different in certain locales. However if you look at the table in the link below, the price-to-rent ratio clusters around the median for most places. In the US currently it's slightly more favorable to be a renter than a buyer compared to the historical price-to-rent ratio. If anything most of the deviations from the norm are towards making buying more expensive than renting. https://smartasset.com/mortgage/price-to-rent-ratio-in-us-cities https://smartasset.com/mortgage/price-to-rent-ratio-in-us-ci...