Do 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.
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