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MRED Blog
REinventing MLS
Do You Know The Cost of Renting vs. Buying? [Infographic]
Posted by on May 18, 2015
![Do You Know The Cost of Renting vs. Buying? [INFOGRAPHIC] | Keeping Current Matters](https://i0.wp.com/www.keepingcurrentmatters.com/wp-content/uploads/2015/05/Rent-vs.-Buy-KCM.jpg)
Some Highlights:
- Historically the Percentage of your income needed to afford a home vs. renting was a much closer margin. Making renting make sense.
- Now… Renting will cost you 30.1% of your income compared to buying a median home at 15.3% of your income.
- Either way you’re paying a mortgage… why not have it be yours?
Blog post via KCM Blog
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