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

American Outdoor Brands stock slides on gun slowdown, weaker outlook
Broker protocol is good for investors, needs to be strengthened
Small business tax reform support is all about size: CNBC/SurveyMonkey
Business inventories slip 0.1% in October, meeting expectations
Revolut users face issues after app launches bitcoin support

Leave a Reply

Your email address will not be published.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