January 2011

Buying might be less expensive than renting in many cities across USA.

According to LoanRateUpdate.com earlier today, it is now "less expensive to buy than it is to rent in most cities". The article goes on to talk about different cities across the country where you could literally be paying less by renting your home than by purchasing it. Most of the areas where the claim is currently true have been hard hit by foreclosures, economic disaster, or both.