Rent vs Buy

In: Housing Source: Ritholtz US Economy

4 Jun 2012

The debate over whether it’s cheaper to rent or buy a house is complicated (where you buy, down payment, size of house, etc). But looking at median prices across the nation and current insanely low mortgage rates can make now look like the best time in a while to buy. Read the comment thread on the linked blog if you want more nuance.

image

If you want even more nuance, particularly if you’re buying a house as an investment, I recommend Barry Ritholtz’s 5 part article Debunking the Housing Recovery Story.

3 Responses to Rent vs Buy

Avatar

Ryan

June 5th, 2012 at 11:43 am

I think this is true but the sad part is that banks (whom we bailed out with our tax money) are not lending to middle-class citizens now because their previous risky business failed and their extra timid. So what these low mortgage costs do is allow earthy people to snatch up housing super cheap and become even richer through vast real estate ownership. So the rich get richer.

Avatar

Ryan

June 6th, 2012 at 11:43 am

I think this is true but the sad part is that banks (whom we bailed out with our tax money) are not lending to middle-class citizens now because their previous risky business failed and they’re extra timid. So what these low mortgage costs do is allow wealthy people to snatch up housing super cheap and become even richer through vast real estate ownership.

Resubmitted cause I made two egregious typos in my haste.

Avatar

Kent

June 17th, 2012 at 10:21 pm

A thorough thought-piece on the great rent vs. buy debate: http://bit.ly/M9K5ev

Comment Form

What is Chart Porn?

An addictive collection of beautiful charts, graphs, maps, and interactive data visualization toys -- on topics from around the world.

  • http://microurls.us: Incredible points. Great arguments. Keep up the great effort. - cliquez ici - cliquez ici - c [...]
  • kino: Interesting, I didn't know that before, useful info, thanks. [...]
  • google: The content of the e - Book is divided into seven chapters that attempt to cover these following p [...]
  • to.ly: fantastic post, very informative. I wonder why the opposite specialists of this sector do not unders [...]
  • free myspace music marketing tips: Hey there, I think your website might be having browser compatibility issues. When I look at your [...]