reblogged from nprfreshair

nprfreshair: It Is Now Cheaper to Own Than Rent In Every Single One of America’s Largest Metros  There’s no doubt that home ownership is far more affordable today than it was before the bubble burst. Even so, it still makes sense to balance the short-run costs of owning versus renting with longer-run expected returns. Four of the five metros above — New York, San Francisco, San Jose, and L.A. — may be expensive because the market is pricing in predicted appreciation over the long-run. The reason prices are lower, and more affordable, in other metros likewise may be because the market expects lower rates of appreciation. There’s also the all-important question of ability to exit — whether and how quickly you can sell if you need to. Read more. [Image: Trulia] so this is one of those times where you say, honey you were right about saving for a house…

nprfreshair:

It Is Now Cheaper to Own Than Rent In Every Single One of America’s Largest Metros 

There’s no doubt that home ownership is far more affordable today than it was before the bubble burst. Even so, it still makes sense to balance the short-run costs of owning versus renting with longer-run expected returns. Four of the five metros above — New York, San Francisco, San Jose, and L.A. — may be expensive because the market is pricing in predicted appreciation over the long-run. The reason prices are lower, and more affordable, in other metros likewise may be because the market expects lower rates of appreciation. There’s also the all-important question of ability to exit — whether and how quickly you can sell if you need to.

Read more. [Image: Trulia]

so this is one of those times where you say, honey you were right about saving for a house…