Housing on the Rebound: Is it Better to Rent or Buy?
Before you make the decision to rent or buy, Olefson offers this rule of thumb: "If you can buy a home in your area for less than 15-times what your annual rent is, than financially it makes much more sense to buy than to rent." For example, if you pay …
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Good Question: Several factors affect choice to buy, rent
Is it better to rent or buy a home? Answer: Homeownership is a big responsibility and a big commitment. Whether or not you should buy or rent a home depends on your financial stability and several other factors. First, are you financially able to buy a …
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Jim Carr, Chris Mayer and Margaret Kelly weigh in with Christine Romans on the renting vs. buying debate.
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