The age old real estate question: Should you rent or buy?
It’s a question that many consumers debate and there’s no one right answer. From a pure economical standpoint, you can assess the market’s “rent gap,” or difference between the cost of owning and renting. In a negative rent gap, buying is the more affordable option and in a positive rent gap, you’re likely better off renting.
While homes today are still affordable, rising interest rates and home prices are preventing many buyers from saving for their down payment and getting into a home. Like most things in real estate, it’s all about location. keep reading