03/25/12 19:47
(http://www.eurochicago.com/)

Home buying much cheaper than renting

In 98 of the top 100 housing markets, buying a home is more affordable than renting, according to the online real estate company Trulia. Only Honolulu and San Francisco buck the trend. There are several reasons. Home prices are falling. Mortgage interest rates are at historically low levels. And rents are on the rise. Of course, many renters are not in a position to buy. For one, it’s hard to get a mortgage these days, despite low rates. And paying rent can push them further away from being able to afford to buy.   „Rising rents make it harder for people to ...
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