Rent Vs Buy: An Interactive Map

Posted on April 10, 2013 · Posted in Housing Market

The classic mental battle for first-time home buyers is whether they are better off to rent or buy. There are several factors to consider and Trulia has them all in their map.

The biggest question is “How long do I plan to live there?” With buying costs and selling costs, short term very rarely makes sense unless you plan to fix and flip. This map looks at 3, 5, and 7 years, whether your loan amount is 3.5%, 4.5%, or 5.5%, and whether or not you itemize on your taxes.  How Trulia came up with the numbers is explained here.

Click on the map to get the interactive features.

Alterna - Buy or Rent Real Estate 600