Tag Archives: renting vs buying real estate

Homeownership 45% Cheaper Than Renting, But Factors Vary

Considering record-low mortgage rates and tax deductions, homeownership is cheaper than renting over a seven-year time horizon in the 100 largest U.S. cities, according to Trulia’s summer 2012 update on renting versus buying. Nationally, owning a home is 45 percent cheaper than renting. However, exact affordability is heavily dependent on location and other factors. Buying