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Realty Executives Today

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The Cost of Renting vs Buying - What does it really cost?

(Published on - 6/1/2016 6:56:18 PM)

         Some Highlights:

  • The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent.
  • Buying costs are significantly less than renting costs.
  • The percentage of income needed to afford a median priced home is less than the historic norm.

 

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