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5 reasons it's smarter to buy than rent
I wrote a post last week about how much less your house payment is on some of the homes in Sherburne, Anoka, Isanti and Wright county then it would be to rent the same house.  This blog I am re-posting from Chris covers 5 key reasons to be aware of if you are deciding between renting and owning.
Right now I believe we are at the bottom of the market in the North Metro of the Twin Cities.  Rates of course are at the bottom, making payments as low as possible!
 
 
 
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.
 
Many experts are predicting that rent increases will ... more

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