The cost of buying a home vs renting has never been lower.
The cost of renting has increased while the cost of homeownership has gone down.
It todays market owning a median priced home will only consume 15.3% of a households income.
Check out the chart below.
If you are in a position to buy a home and debating on buying vs renting the cost of buying is significantly less that renting.
If you are renting and working on getting money saved up and credit cleaned up so you can buy it worth the discipline. Now is the time before interest rates and home values go up.
Tags: rent vs buy
