The Cost of Renting vs. Buying

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 The Cost of Renting vs. Buying Today [INFOGRAPHIC] | MyKCM

 

 

 

Some Highlights:

  • Historically, the choice between renting or buying a home has been a tough decision.
  • Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious.
  • Every market is different. Before you renew your Hood River/The Dalles lease, find out if you can put your housing costs to work by buying this year! Pay your own mortgage, not your landlord’s mortgage.

 

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Mel Ahrens. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Mel Ahrens will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.