Active Rain
-
Quick Tour
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.- Explore the world's largest storehouse of real estate knowledge
- Access free training on ActiveRain University
- Share the experience of life in the real estate industry
- Grow your business through real estate blogging
- Blogs
-
Resources
Product Reviews Curious as to what others in your profession think about a certain product or tool? AR's community takes the time to leave honest and transparent reviews of their experiences so you can be a bit wiser about your purchase.
- Broken down by categories and subcategories for easy finds
- Get an unfiltered look at what real users are saying
- Leave a review yourself for others to benefit from
- Add new products as you use them and gain points for doing so
|
;)
;)
;)
Find SC real estate agents and Myrtle Beach real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2013 ActiveRain Corp. All Rights Reserved
13 Comments on Is it now Cheaper to Own Than it is to Rent?
I look forward to hearing from you on this!
I never thought this day would come back in San Diego, CA. but we are there for some areas.
Mirela,
This is a common pattern. Most of us have clients that have finally had the facts sink in. We preach, blog, email, and say this till we are blue in the face. It is nice when it actually sinks in though.
Larry: We've been telling them, but now they are actually listening...
George: I know, it's hard to believe...
Bruce: It's a timid "stampede"...
Hi Mirela... The math is like that here too, but many people are still choosing to rent because they are uncertain about the economy and their employment. The one thing that I find most buyers seeking is some stability in their lives and without reasonably secure employment and signs that the economy is not going to deteriorate further, many folks are choosing to rent for a while longer.
Hi Mirela, In our area, we have very few rentals, so I don't have a good point of reference. Your post however, is terrific news! one more good reason to be a buyer in this market!
great example who why buying is the right move for some people in today's market
This is a point that needs to be emphasized more now that housing has become more affordable with lower home prices and low interest rates. This market represents the best buying opportunity since the early 1990's. A good rent vs own software program will help to show the benefits of home ownership.
Mirela, I put together a rent vs own comparison for one of my agent's listings. not only can the PITI be similar to what they are currently paying in rent (even with as little as 3.5% down) but the after tax advantage often makes owning significantly CHEAPER than renting.
Really good reason to buy!
Used to be cheaper to rent, now it is more equal. Buit a renter has to consider cost of repairs, maintenance, property taxes, HOA fees, etc. Those are paid by the Owner in a rental.
I've been working with colleagues in Arizona referring Canadians down. Their market is still pretty bad. (Not for the buyers of course). The have tons of inventory.