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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (86151)8/20/2007 8:14:03 AM
From: Think4YourselfRead Replies (1) | Respond to of 306849
 
Rents may be increasing. I don't know. What I do know is that if renting is cheaper than buying then it is a good time to rent. Potential buyers should definitely be doing the math.

Rent + utilities vs (mortgage+utilities+taxes+insurance+maintenance+repairs) - (any increase in home value at end of rental period)

Note that the rightmost segment of the equation is likely to be a large negative number right now, which would highly favor renting.



To: Tradelite who wrote (86151)8/20/2007 1:13:43 PM
From: Lizzie TudorRead Replies (2) | Respond to of 306849
 
Who says rent is increasing? You can rent for free in any of the outlying areas where the bubble has bust.


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