Cost Gap Returns to Historical Norms in Some Markets as House Prices Drop...
Below, find a link to a great article from today's WSJ. It states that the relative cost of owning versus renting is swinging back in favor of homeownership in some U.S. markets.
"After two years of rapid home-price depreciation, the relationship between the cost of rental payments versus after-tax mortgage payments is tilting toward ownership in a number of metropolitan areas."
click here for the entire article : http://online.wsj.com/article/SB123552129423664663.html
Below, find a link to a great article from today's WSJ. It states that the relative cost of owning versus renting is swinging back in favor of homeownership in some U.S. markets.
"After two years of rapid home-price depreciation, the relationship between the cost of rental payments versus after-tax mortgage payments is tilting toward ownership in a number of metropolitan areas."
click here for the entire article : http://online.wsj.com/article/SB123552129423664663.html
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interesting, i just started getting into investing and been reading up on real estate. very exciting :)
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