Trulia Rent vs. Buy Map Visualizes How Mortgage Rates, Taxes Timing Change Costs(trends.truliablog.com)
trends.truliablog.com
Trulia Rent vs. Buy Map Visualizes How Mortgage Rates, Taxes Timing Change Costs
http://trends.truliablog.com/vis/rentvsbuy-summer2012/
2 comments
The big take away I got from this is that if you can qualify for a good mortgage and are actually going to stay for 5+ years it is almost universally cheaper to buy then rent. Even in the high priced towns like NYC, San Fran, and Boston.
What about future rent increases?
Why 5% state income tax instead of actual, as it varies widely across states.
Condos or houses? These two markets have different characteristics and can't be averaged together.
Margin of error? Comparing means in isolation is uninformative.
Why 5% state income tax instead of actual, as it varies widely across states.
Condos or houses? These two markets have different characteristics and can't be averaged together.
Margin of error? Comparing means in isolation is uninformative.
--Daisy (PR Manager at Trulia)