Saturday, August 11, 2012

Buy rather than rent may pay off for you

Zillow has released new data that suggests buying a home, versus renting, pays out within 3 years as a national average. Called the "break even horizon" analysis, the formulas vary market by market in
the United States. Zillow senior economist Svenja Gudell reminds us buying a home is a "deeply personal decision", but this approach helps the renter decide " am I ready to make this decision"?

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