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Why rent when you can buy?

1308 rent versus buyDo you want to bet it’s cheaper to rent or to buy a condo? Before the housing bust in 2007, the answer was generally “rent”. But according to the last report by the National Housing Conference, this is no longer the case.

I am sure that you are wondering why nowadays it would be more economical to buy a condo. It’s actually very simple. Rents have increased due to a high demand. This was caused by skepticism on the real estate market and mortgages tougher to obtain. Consequently the rental market has become extremely expensive. Read the rest of this entry »

 
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Posted by on August 23, 2013 in News

 

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