Trulia: Buying is Cheaper Than Renting in Nearly Every Big U.S. City But NY....
“Renting is less expensive than buying in only four cities Trulia tracks: New York; Seattle; Kansas City, Missouri; and San Francisco. Boston, Cleveland and eight other cities have relative affordability for renting, though ‘buying may still be a financially sound long-term decision,’ the company said.” -Bloomberg
DIBS;
This thread is not one of your shining moments:-)
Yes, of course there are intangibles to consider. What Trulia is saying, however, is that all things considered (cost of capital, expected rental inflation, house appreciation, etc.), it makes more FINANCIAL sense to rent versus buy in NYC right now.
> hahahha PC losers.
I’m an iLoser. Might be a Firefox issue.
“Yes DS, everyone’s experiencing that. There’s a remedy in the OT…you have to go into Tools and disable Shockwave.”
hahahha PC losers.
It also depends upon what people consider “quality of life,” being able to do whatever you want with your space, having outdoor space, getting a pet if you want one, etc, etc, etc.
> go into Tools and disable Shockwave.
Screw that. Mr. B needs to fix the site. Until then, I am outta here.
> As the price of heating and real estate taxes go up, so will rents.
True, true. It looks like this is the year that Snarky buys a place. Wish me luck.
Depends on the price of rent.. I pay $1000 for a great 1 BR apt that was renovated about 5 years ago.. I have a massive amount of closet space.
As the price of heating and real estate taxes go up, so will rents.
Yes DS, everyone’s experiencing that. There’s a remedy in the OT…you have to go into Tools and disable Shockwave.
PS: Is the site hanging for other folks today?
I keep getting warnings about a Flash script that needs to be aborted.
On a day like today, I find myself thinking of heating costs, for example.