💰3 Cities where its cheaper to rent than buy

3 Cities where its cheaper to rent than buy. Traditionally, buying a home instead of a renting one has often been considered the better option because you’re building equity. But as of late, as the pandemic has transformed the U.S. housing market, renting is coming out on top for those looking for no-stress monthly payments. According to a recent study, costs related to renting were lower than those of home buyers with a mortgage.
Across all of the nation’s 50 largest metropolitan areas, renting is considerably cheaper than home ownership until you’ve paid your mortgage off. Often, home prices and rent prices rise together. Although lately what we’ve been seeing is that home prices have been rising considerably faster than rent costs are.

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