This has always been the debate and in the past we took into consideration appreciation. Well what happens if there is little appreciation. A current report (link) says that those that rent spend a higher proportion of their earnings on housing than those that own. This is because rent rates are going up and prices have fallen. The decision to rent or buy can be difficult and is certainly different in each case. We are handling both rentals and sales and the rental market is certainly the stronger. Most homes or condos on the rental market and properly priced are vacant for less than 30 days.
By the way, if you are in the office or home most of today, step out ...now. It is a beautiful day jsut take a 5 minute stroll.
Renters Outspend Owners on Housing
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