Rent vs Buy

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.

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

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.

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.