2 ms·
Renting is cheaper than owning in every major U.S. metro
- littlexsparkee 9mo agohttps://archive.ph/TlWzW https://archive.ph/TlWzW
- floxy 9mo agoIt seems like this is saying that of the people who choose to rent a house, they pay less per month in housing costs than those people who choose to buy a house. So there isn't an accounting for the difference in houses that people want to rent vs. those who want to buy. What I think the headline is implying is that you can rent a comparable house (size, location, upkeep, etc.) for considerably less than owning that same house. Which I don't think is what the data is saying. https://www.lendingtree.com/home/mortgage/comparing-rent-vs-owning-a-home-in-nations-largest-metros/#new-york-has-largest-percentage-gap https://www.lendingtree.com/home/mortgage/comparing-rent-vs-...
- tim-tday 9mo agoReally? Do they consider home appreciation? I’ve been paying a mortgage and while it might be more than rent it all comes back to me when I sell the house. Plus however much the home appreciated. For example 30 years ago my mom bought a house for $76k. It was recently appraised at $700k while she might have paid more per month than a counterpart who rented I’m pretty sure the difference didn’t add up to $600k over 30 years. So… imma call bullshit on this without ever reading TFA.