It really depends on the market. There are a few markets(I live in one) in the US where there's a slight inversion..it has to do with what happened from the last real estate bust, & regional economics with qualified borrowers and the such...but I actually live in an area where it's cheaper to buy than rent but just a little.(apples for apples in size, location, etc.)
I know it's not common nationwide, but you really have to take into account some microeconomics in the real estate outlook.
Renting is cheaper...
ReplyDeleteIt really depends on the market. There are a few markets(I live in one) in the US where there's a slight inversion..it has to do with what happened from the last real estate bust, & regional economics with qualified borrowers and the such...but I actually live in an area where it's cheaper to buy than rent but just a little.(apples for apples in size, location, etc.)
DeleteI know it's not common nationwide, but you really have to take into account some microeconomics in the real estate outlook.