The Cost of Renting vs. Buying

Dated: May 1 2020

Views: 57

Do You Know the Cost of Renting vs. Buying? 

Do You Know the Cost of Renting vs. Buying? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Historically, the choice between renting or buying a home has been a close decision.

  • Looking at the percentage of income needed to rent a median-priced home today (30%) vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.

  • Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

Latest Blog Posts

Why own a home?

There are a variety of benefits associated with owning a home. Most obvious is the opportunity for price appreciation.Mortgages can also act as an invisible, forced savings account. Amortizing

Read More

ALL MY SINGLE LADIES

Single Women Make Up 2nd Largest Home Buying Group According to the National Association of Realtors’ (NAR) 2015 Profile of Home Buyers and Sellers, single women made up 18% of

Read More

Don't Disqualify Yourself Here At Abrams We Can Help Push You In The Right Direction

Don’t Disqualify Yourself… Over Half of All Loans Approved Have a FICO Score Under 750The results of countless studies have shown that potential home buyers, and even current,

Read More