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