Check out these unbelievable stats on why it is definitely way better (and cheaper) to buy a home than rent one. Have any questions about this big rental secret? Feel free to contact our office.
- According to the San Diego Union Tribune, rent is up 5.3% over the same time last year.
- The big rental secret is that it is way more affordable to buy than to rent.
- Historically the percentage of your income needed to afford a home vs. renting was a much closer margin.–making renting make sense.
- Now… Renting will cost you 30.1% of your income compared to buying a median priced home at 15.3% of your income.
Either way you’re paying a mortgage… why not have it be yours?