What does rent vs buy look like for 2024?
An article in the Wall Street Journal says "There’s Never Been a Worse Time to Buy Instead of Rent: It is now 52% more expensive to buy a home than to rent one because of climbing mortgage rates." But is that true?
In this video, I did into the data and do a rent vs. buy comparison based on current market home rates and rents.
Links mentioned in the video:
Rent vs. buy comparisons for various markets: https://www.homeownering.com/blog/202...
"The Formula for Homeownership," see if homeownership is right for you: https://www.homeownering.com/the-form...
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