Rent vs Buy Blog from Trulia

April 16, 2012

Ain’t No Lie, It’s Cheaper to Buy

March 22, 2012|News13 Comments

This is a great article from back in March 2012, that does some analysis of home purchase over renting in New York suburbes, San Francisco, Los Angeles, and Chicago.

Start Spreading The News, I’m Leaving NYC For The Suburbs Today

Trulia,Buy vs Rent Market Comparison,Real Estate San Diego,First Time Home Buyers

iStock Photo

Truth be told, it won’t surprise anyone to say that you need to be making some serious bank in order to be a Manhattan homeowner. Housing crisis or no housing crisis, it’s still going to be a really expensive place to live compared to pretty much anywhere else in the U.S. of A. However, if you can let go of Manhattan city living (like Miranda in “Sex and the City” did), then you might be pleasantly surprised to know that buying a home is definitely doable. You just got to look even further than Brooklyn and Staten Island (priced-out Manhattanites have bid up home values in many neighborhoods…boo! hiss!). How far? Think Queens, the Bronx and other nearby suburban counties… LINK

Trulia,Buy vs Rent Market Comparison,Real Estate San Diego,First Time Home Buyers

Photo Courtesy of Joles Group

 

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