Personal Finance


You’re better off renting with a roommate than buying your first home alone in cities such as San Jose and San Francisco, California, and Austin, Texas, according to a recent report by online real estate site, Trulia.

When conducting their analysis, Trulia assumed buyers would be taking on a 30-year fixed rate loan, front a 20 percent down payment, and stay in the same place for seven years. Their calculations used median rent and median starter home prices.

Renting with a roommate is overwhelmingly the better option over buying a starter home in the nation’s two most expensive markets. In San Francisco, the savings from renting compared to buying is 16.5 percent.



Source link

Products You May Like

Articles You May Like

Kazakhstan plans to launch its own cryptocurrency
Citigroup Q3 earnings 2017
Netflix Reed Hastings joins Forbes 400 list for the first time
Shares of IBM just did something they haven’t done in 15 years
Bank of America Q3 earnings 2017

Leave a Reply

Your email address will not be published. Required fields are marked *