wealth: 5 reasons it's smarter to buy than rent - 03/28/12 09:36 PM
 
One of the biggest myths in the real estate industry is that it is cheaper to rent than to buy. In 71 percent of the cities in the U.S., owning is now currently cheaper than renting.
 
In 2011, 1.4 million new households entered the rental market due to foreclosures and demographics -- i.e., the 80 million members of Gen Y are at their prime time for starting new careers, getting married and having kids. At the same time, the number of new homes being built has dropped substantially. As a result, the demand for rental properties has skyrocketed.
 
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Christopher Pataki, Hockessin Delaware Real Estate (Keller Williams Realty) Rainmaker large

Christopher Pataki

Hockessin Delaware Real Estate

Christiana, DE

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Keller Williams Realty

Address: 56 West Main Street, Suite 101, Christiana, DE, 19702

Mobile: 302-562-0628

Office: 302-738-2300

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The goal of this blog is to inform consumers who are buying, selling and investing in real estate.


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