Renting vs. Buying…Which is Cheaper?

As home prices continue to appreciate locally, as well as nationally, it begs the question…Does renting become a more affordable option than buying a home?  

Well, in looking at the following interactive map from Trulia,  it currently shows for all 100 of the largest cities in our country it is cheaper to buy than to rent.  http://goo.gl/YLOdcs  It looks like there are some pretty good deals in Michigan and parts or Indiana!  Portland/Vancouver shows that it is currently 36% cheaper to buy.  

We'll have to check back in later this year to see if there has been any cities slide into "the orange."  http://goo.gl/YLOdcs

 

Posted on March 21, 2014 at 5:38 pm
Bill Grange | Category: Portland Oregon Real Estate Market

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