Cheaper to Buy Than Rent? In Most Cities, ‘Yes’

Chip Scarinzi

Cheaper to Buy Than Rent? In Most Cities, ‘Yes’

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http://info.trulia.com Trulia today released its Q2 2011 Rent vs. Buy Index, which compares the cost of buying and renting a two-bedroom apartment, condominium or townhouse in the 50 largest[1] U.S. cities. Since last quarter, buying a home has become more affordable than renting in nearly four out of five (80 percent) major cities; only in New York, Fort Worth and Kansas City was renting a less costly option than buying.
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