Ny Times Rent Vs Buy at Buying

Ny Times Rent Vs Buy. Below are the rent ratios — the cost of a typical home, divided by annual rent for that home — in the remaining nine areas. Buying is cheaper if you stay for 4.4 years or longer.

A good rule of thumb is that you should often buy when the ratio is below 15 and rent when the ratio is above 20. Buy comparisons can be informative, they are, by necessity, made using a series of assumptions, which may or may not reflect your personal financial situation, said daniel mccue,. With interest rates near forty year lows, the decision to rent versus buy becomes difficult.

Disidencia Sin Animo de Lucro CMM (Nuestro granito de

Take a monthly rent figure and multiply it by 12, so it's an annual number. Space constraints were the reason. For the first time in three decades, the median monthly mortgage payment is about the same as the median rental payment: By david leonhardt may 10, 2011 11:47 pm may 10, 2011 11:47 pm.