Re:Is it better to buy or rent?
by refurb on Friday June 19, 2015 @12:26PM
(#9745871)
In the bay area over the last 5 years? Sure.
Across much of the US? Probably not. Don't forget the average cost of selling a house is 6%. Buy a place for $500K and if the value of the house doesn't go up by at least 6% you've lost money.
That doesn't include all the other costs associated with buying a new house (moving costs, etc).
Across much of the US? Probably not. Don't forget the average cost of selling a house is 6%. Buy a place for $500K and if the value of the house doesn't go up by at least 6% you've lost money.
That doesn't include all the other costs associated with buying a new house (moving costs, etc).