Renting vs Buying in Todays Market

Dated: 05/09/2011

Views: 4360

Rental Costs Are About to Takeoff Reasons NOW Is a Great Time to Buy We are often asked whether it is better to rent or buy in the current housing market. The answer to that question is: "It all depends." There are certain situations where renting short term probably makes sense. It may make sense if you are retiring to a different region of the country and are not yet sure where you want to set down roots for the next 25 years. It may make sense if you have a one-year employment contract that will probably require a move to another place upon termination. However, in most other cases, renting right now makes little sense for several reasons. Even though prices may still soften, waiting to buy wouldn't make sense as the cost of owning a home may still increase. Mortgages may soon become much more expensive than they are right now. Owning a home is less expensive than renting a home in 72% of major U.S. cities. Rental costs are about to explode.
Blog author image

Ellen Cataldo

Hello and thank you so much for stopping by my page. I would like to take a moment to introduce myself. I am a resident of Ocean County and offer an extensive knowledge of the area. I have worked in t....

Latest Blog Posts

How To Go From Renter To Owner On Long Beach Island

 How to go from renter to owner on Long Beach Island?Located on the North End in Harvey Cedars, this three - bedroom, two bath duplex shares ownership with other members of a homeowner

Read More

LBI Tennis Kids And Adults

Sign up now for summer fun for yourself or children of all ages!Contact me for more information or call the LBI Foundation directly.They have so many wonderful programs and events throughout

Read More

Blessings Of The Fleet

Come join us and lend your blessings to all those out on the water!June 17 at 5:30 at Viking Village#watersafety #lbifishing #vikingvillage

Read More

Waterfront Living

waterfront living comes in all shapes and sizes. Contact me to help you find your spot on

Read More