I recently received an email from my broker Dennis Degnan at Key Realty that I wanted to share. This email should be shared with all buyers who are contemplating if they should buy vs rent. We always knew that Toledo, Ohio was one of the most affordable places in the country, here is an article that places our area in the top 5, most inexpensive places to buy, when compared to rent.
10 Cities Where Buying is a Good Bet
Jed Kolko is one of Trulia's top economists. Every six months Jed run's the numbers to see if renting or buying is a better financial bet. In his Winter 2014 report home ownership is still 38% cheaper than renting.
So here you go.......the top 10 cities where it is cheaper to buy than it is to rent.
U.S. Metro
#1 Detroit MI - 66%
#2 Gary, IN - 61%
#3 Birmingham, AL - 58%
#4 Toledo, OH - 58%
#5 Kansa City, MO_KS 58%
#6 Cleveland, OH - 56%
#7 Dayton, OH - 56%
#8 Memphis, TN-MS-AR - 56%
#9 Grand Rapids, MI - 55%
#10 St. Louis, MO-IL - 54%
So if you have been thinking about whether or not you should continue to rent or buy you can contact me at bertspangenthal@bex.net. If you would rather pick up the phone, you can call or text me at 419-346-1458. If you would like to see what homes are currently available you can visit my web site at BertSellsToledoHomes.com
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