· To examine income and rent more closely, Goldman Sachs used the median income among 30-40 year olds (both homeowners and renters), mainly because this is the age group of when people transition from renting to owning. Then they compared the rent paid by 30-40 year olds for 2-bedroom multi-family rental units with the monthly CPI rent.
NerdWallet examined data from a variety of sources to compare the cost of commuting each week via ridesharing service Uber vs. a personal vehicle in the 20 largest U.S. metropolitan areas by.
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Deciding whether to rent or buy a home is typically based on the cost of rent versus a mortgage payment.
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A LendingTree study found that four of the top 10 metros where monthly rents are higher than monthly mortgage. These cities are where it's better to buy than rent.. Pizza Hut to temporarily close hundreds of U.S. locations.
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Of the 11 largest U.S. metro areas, the Washington, DC metro area was the least affordable to the typical U.S. renter household in 2014, followed by the San Francisco, Los Angeles, and New York City metro areas, while the Dallas and houston metro areas were the most affordable to the median U.S. renter household.
After saving up for a long time, I recently bought a home, which caught some of my friends off guard. "I thought you were anti-homeownership," they said, because I think renting is underrated. Even as a homeowner, I still think renting is underrated. That doesn’t mean buying is a bad decision. The rent vs. buy debate is just silly overall.
· What the report shows is that homeownership is cheaper than renting in all of the 100 largest U.S. metros by a substantial margin, while also noting that relative affordability varies by location. For example, the largest savings can be found in Detroit, where it is 70 percent cheaper to buy a home than renting one.