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Does Buying a House Make Any Sense?

Pinned on April 13, 2013 at 1:53 pm by Admin

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Does Buying a House Make Any Sense?

The chart is fairly simple: The color coding represents a ratio of the median home price to the average two-bedroom rent, multiplied by twelve. Thus, it roughly shows how many years it would take to buy the median home, paying an average rent. Trulia then created a basic cut off for rent-vs-buy: If it takes decades to pay off a median home price, it’s harder to see your home appreciation making up for all the money you lost on maintenance fees and taxes.

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