Home > Blogs > Craig Rutman > Craig's Raleigh, Cary, Apex & Wake County Real Estate Blog.... Presenting the Lighter Side of a VERY Serious Business.

Should You Continue to Rent or Should You Buy a New Home? The Numbers Speak for Themselves...

By Craig Rutman

Real Estate Agent with Helping people in transition 210155

October 21, 2010 09:47 AM

Should You Continue to Rent or Should You Buy a New Home?

The Numbers Speak for Themselves...

Your credit's good. Your job is secure.

You have a nice little savings account built up.

And now you're trying to decide, what to do.

Should you finally take the leap and join the millions of happy folks who've taken advantage of the low interest rates, the great deals out there and the tax benefits available to homeowners?

Or, should you continue to pay your landlord's mortgage, in the form of rent, and have nothing to show for it at the end of your lease?

To find out the answer to the Rent vs. Buy question, I asked a random passerby on the street in the

Raleigh/ Cary/ Apex area,

and even he knew the answer...

To help you make your decision, plug the numbers into the calculator below.

Should You Continue to Rent or Should You Buy a New Home?

The Numbers Speak for Themselves...

Rent vs Buy Calculator

And when you're ready to buy your new Raleigh/ Cary/ Apex area home, you can begin your quest at:

About The Author

Craig Rutman is a North Carolina Residential Real Estate Specialist that can assist you with the purchase and/or sale of real estate in the Raleigh - Cary – Apex metro areas; or any place else in the country by connecting you with a relocation professional in your destination of choice.

To find all available homes for sale in the Triangle area of North Carolina, please visit www.justnchomes.com

Call me TODAY at 919-349-9530
Email me with your Raleigh - Cary – Apex area questions

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Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

Craig

Dude, you are so clever. Craigenstein...I love it. I ex[pect more along these lines as we get closer to Halloween.

Jeff

Oct 21, 2010 04:30 PM

Like

Pat Haddad, ABR, CRS, ePRO, GRI

Keller Williams Indianapolis Metro NE - Carmel, IN

Carmel, Fishers, Westfield IN Real Estate Expert

Craig---This was genius! If this doesn't convince buyers to buy, I don't know what will. Putting the calculator right there in their face, what more can you do? When I subscribed to you blog, I didn't know you were going to be coming up with these creative posts every single day. You are one of a kind!

Oct 21, 2010 04:52 PM

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Ruth Vogt

Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate. - Colorado Springs, CO

719-592-0855 www.ReverseLoansInColorado.com

That passerby also says: "Rates Good" "Wait Bad"! Law of gravity: what goes up, will come down. Law of rates: what goes down will go up!

Oct 21, 2010 05:38 PM

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Rebecca Gaujot, Realtor®

Lewisburg, WV

Lewisburg WV, the go to agent for all real estate

Craig I agrre...Buying home good...renting bad!!!!!

Oct 21, 2010 05:50 PM

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Laura Giannotta

Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ

Your Realtor Down the Shore!

Craig, you're scaring the children again! LOL Very clever, I can't wait for Thanksgiving, are you going to put your face on a turkey (a pilgrim's too easy)!

Oct 21, 2010 11:50 PM

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Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Craig, just love your little photo edits. Those that can afford to buy, and don't will really kick themselves in a few years for missing this opportunity.

Oct 22, 2010 12:03 AM

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Jackie Connelly-Fornuff

Douglas Elliman Real Estate in Babylon NY - Babylon, NY

"Moving at The Speed of YOU!"

Hi Craig, a very good post and informative for those buyers that are sitting on the fence. Today is really the best time to buy!

Oct 22, 2010 12:37 AM

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Debbie Walsh

SHAHAR Management - Middletown, NY

Hudson Valley NY Real Estate 845.283-3036

Great pitch to get people off the fence and into a new home!

Oct 22, 2010 01:03 AM

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Laura Cerrano

Feng Shui Manhattan Long Island - Locust Valley, NY

Certified Feng Shui Expert, Speaker & Researcher

Hey Craig, fun way of breaking down the facts and yes buying is so much better! I have a couple of friends who are renting and one is paying $1,400 a month!! crazzzy!! $800 on Long Island would be a blessing.

Oct 22, 2010 01:53 AM

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Ed Silva, 203-206-0754

Mapleridge Realty, CT 203-206-0754 - Waterbury, CT

Central CT Real Estate Broker Serving all equally

Craig, it's a great time to buy, and if they are ready, it couldn't get better. The message could possibly get across less intimidating with a kinder softer version of the Craigmeister!

Oct 22, 2010 02:41 AM

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Kristin Johnston - REALTOR®

RE/MAX Platinum - Waukesha, WI

Giving Back With Each Home Sold!

Craig,that passerby is a wise wise man...reminds me of Phil Hartman's take on Frankenstein on SNL!

Oct 22, 2010 03:28 AM

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Craig Rutman

Helping people in transition - Cary, NC

Raleigh, Cary, Apex area Realtor

Christine - I love them too! Thank you!

Larry - I thought I was rocking the mortgage rate when I locked in a 9% years ago!

Wanda - "Monster" deals! I love it!

Dorie - Thanks Dorie. I think the numbers speak for themselves here.

Roger - I live to write psts that you live for Roger! All part of a day's work my friend.

Oct 22, 2010 06:28 AM

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Craig Rutman

Helping people in transition - Cary, NC

Raleigh, Cary, Apex area Realtor

Larry - That's what I'm thinking...Who could resist!

Lee & Pamela - No one ever said we can't have fun doing what we do!

Steve - Excellent point Steve. We really do offer a service to force savings and long term investments.

Larry & Sheila - And to think that I come up with these things with half my brain tied behind my back!

Sue - Dawn is a VERY smart girl! Thank you for subscribing. You can thank or curse Dawn now!

Oct 22, 2010 06:36 AM

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Craig Rutman

Helping people in transition - Cary, NC

Raleigh, Cary, Apex area Realtor

Amy - Call me about those QR codes Amy!

Andrea - Hold onto your innards Andrea! You might need them. I have more coming!

Marc - You make an excellent point Marc! Of course he can always order a Craigberry 2.0 here.....

Great New Apps for Your Smartphone!

Georgina - Of course not! I make them drive!!!

Jeff - Thank you sir. And more you shall receive. I made a whole bunch of sillies the other night while watching the Yankees kick some butt!!

Oct 22, 2010 06:41 AM

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Craig Rutman

Helping people in transition - Cary, NC

Raleigh, Cary, Apex area Realtor

Pat - WOW Pat! I'm very humbled by your words. Thank you. Good thing you didn't say I was one in a million or there would be about 130 of me in China!!!

Ruth - Good point Ruth. Rates will eventually climb and that could mean the difference between qualifying or not for some people.

Rebecca - Buying home good...renting bad!!!!!

Laura - Children love me! I did create a Pilgrim picture...Gotta work on a turkey one now that you've challenged me!

Gabe - Thank you sir. I enjoy creating and adding them to my posts. As fars as those not taking advantage of the Real Estate market's present conditions, I agree that they'll be kicking themselves someday soon.

Oct 22, 2010 06:48 AM

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Craig Rutman

Helping people in transition - Cary, NC

Raleigh, Cary, Apex area Realtor

Jackie - If not today, then those fence sitters will never buy.

Debra - If folks who are able to don't take advantage of today's Real Estate conditions, they'll probably never hav an opportunity like the ones out there now.

Laura - I used to live on the island of long and I know how crazy the rental prices are there!

Ed - No Ed! The whole point is to intimidate folks to do the numbers and figure it out already!

Kristin - OK, Phil Hartman was absolutely hysterica! You just brought back some funny memories of him on SNL.

Oct 22, 2010 07:03 AM

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Nick T Pappas

Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL

Madison & Huntsville Alabama Real Estate Resource

Craig, I totally agree...buying good renting bad...just promise me that guy won't be my neighbor!

Oct 23, 2010 05:38 PM

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Craig Rutman

Helping people in transition - Cary, NC

Raleigh, Cary, Apex area Realtor

Nick - It's got to be better than having a bunch of neighbors like this..........

Oct 25, 2010 04:07 AM

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Debbie Walsh

SHAHAR Management - Middletown, NY

Hudson Valley NY Real Estate 845.283-3036

Awww now thats just wrong!

Oct 26, 2010 09:41 AM

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Craig Rutman

Helping people in transition - Cary, NC

Raleigh, Cary, Apex area Realtor

Debra - Ha! Ha! Ha! I call that one, "There Goes the Neighborhood"!!!!

Oct 26, 2010 10:11 AM

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Should You Continue to Rent or Should You Buy a New Home? The Numbers Speak for Themselves...

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