We see a lot of these “is it better to rent or buy” stories from time to time and we have covered them. However, the bottom line is that it’s all about the local market conditions. To that end, the folks over at howmuch.net crunched the numbers to provide an intuitive look at the geography of renting vs. owning. They looked at factors such as student loan debt, financial insecurity, and high housing prices which they say disincentivizes some would-be homeowners. In fact, howmuch.net concludes it is cheaper to rent than to buy in most states. Indeed…be sure to look at all their data.
Click here to read the full report at howmuch.net.