https://realtybiznews.com/is-it-really-cheaper-to-buy-than-to-rent/98711594/ With the latest on mortgages, refinancing, real estate & home tips Sun, 25 Nov 2012 08:57:35 +0000 hourly 1 http://wordpress.org/?v=3.4.2 https://realtybiznews.com/is-it-really-cheaper-to-buy-than-to-rent/98711594/#comment-166804 John Berkowitz Sun, 22 Apr 2012 07:19:33 +0000 https://realtybiznews.com/?p=11594#comment-166804 It is interesting to see, that the same thing is happening in Canada. We have one of the highest debt-to-income ratio for our households (as explained in <a href="http://ilovetoronto.com/featured/2012/04/right-time-canada-debt-consolidation" rel="nofollow">The Right Time For Canada's Debt Consolidation</a>), yet we still believe that investing into the real estate is a good idea. It is interesting to see, that the same thing is happening in Canada. We have one of the highest debt-to-income ratio for our households (as explained in The Right Time For Canada’s Debt Consolidation), yet we still believe that investing into the real estate is a good idea.

]]> https://realtybiznews.com/is-it-really-cheaper-to-buy-than-to-rent/98711594/#comment-163355 Donna Robinson Tue, 17 Apr 2012 19:47:42 +0000 https://realtybiznews.com/?p=11594#comment-163355 This is true now and has pretty much always been true. Usually landlords have ownership costs that drive rent up higher because of the need for a profit margin. A 3bed/2bath in Atlanta, GA can be bought for less than $40,000 in many areas. The mortgage payment would be about $550 per month with taxes and insurance. That same house can then be rented for about $850, even in the outlying areas. So rent payments virtually always tend to be higher than a mortgage payment. It's usually lifestyle that determines whether someone rents or buys. Renters are free to move as they wish. Owners are planning to settle down. This is true now and has pretty much always been true. Usually landlords have ownership costs that drive rent up higher because of the need for a profit margin. A 3bed/2bath in Atlanta, GA can be bought for less than $40,000 in many areas. The mortgage payment would be about $550 per month with taxes and insurance. That same house can then be rented for about $850, even in the outlying areas. So rent payments virtually always tend to be higher than a mortgage payment. It’s usually lifestyle that determines whether someone rents or buys. Renters are free to move as they wish. Owners are planning to settle down.

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