- Historically the Percentage of your income needed to afford a home vs. renting was a much closer margin. Making renting make sense.
- Now… Renting will cost you 30.1% of your income compared to buying a median home at 15.3% of your income.
- Either way you’re paying a mortgage… why not have it be yours?
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Source Credit: Keeping Current Matters
Photo credit: http://www.keepingcurrentmatters.com/2015/05/08/do-you-know-the-cost-of-renting-vs-buying-infographic/