По состоянию на конец марта 2012 года в 98 из 100 крупнейших городов (включая пригороды) США выгоднее покупать дом, чем его арендовать.
Rent Vs. Buy_Map_AC.jpg
In the darkest green areas, mostly in the Midwest and South, buying is more affordable relative to renting; in lighter green areas, mostly in the Northeast, California, Florida and the Southwest, buying is still more affordable, but not as strongly. And in yellow areas – San Francisco and Honolulu – buying and renting are comparable. Remember that we’re looking at buying relative to renting: this means that in addition to being expensive, period, home prices in the Northeast and California are expensive even relative to local rents, which are high in those markets to begin with.
Deciding whether to buy or rent depends on personal factors, of course – like whether you have saved up enough for a down payment, can qualify for a mortgage and whether you plan to stay in your next home for at least five years. But the ratio of home prices to annualized rent (after adjusting for property attributes and neighborhood characteristics) shows the relative affordability of home-ownership. After factoring in mortgage rates, taxes, insurance, maintenance and others costs, here’s the rule-of-thumb: buying is cheaper when the price-to-rent ratio is less than 15, and renting is cheaper when the ratio is above 20; between 15 and 20, renting or buying could win out depending on how long you’ll stay put and which tax bracket you’re in for the mortgage interest deduction. Only Honolulu and San Francisco are in the “it-depends” range of 15-20, while all other metros are in the “buying is cheaper” range of 15 or less.
Where_Buiying_is_Most_Affordable.png
Where_Bying_is_Least_Affordable.png
What factors contribute to higher price-to-rent ratios in some metros? Surprise! It’s not the effect of the housing bubble. Metros where prices fell more during the bust don’t have either lower or higher price-to-rent ratios, on average, than other metros that weathered the bust better. Cleveland and New York, for example, saw similar price declines during the bust, but the price-to-rent ratios are high in New York and very low in Cleveland. In fact, of the metros where prices fell most from the height of the bubble – Las Vegas, Phoenix and many Florida metros - none make our top 10 list of metros with the lowest ratios.
Подробнее здесь: Where to Buy and Where to Rent Now.
Rent Vs. Buy_Map_AC.jpg
In the darkest green areas, mostly in the Midwest and South, buying is more affordable relative to renting; in lighter green areas, mostly in the Northeast, California, Florida and the Southwest, buying is still more affordable, but not as strongly. And in yellow areas – San Francisco and Honolulu – buying and renting are comparable. Remember that we’re looking at buying relative to renting: this means that in addition to being expensive, period, home prices in the Northeast and California are expensive even relative to local rents, which are high in those markets to begin with.
Deciding whether to buy or rent depends on personal factors, of course – like whether you have saved up enough for a down payment, can qualify for a mortgage and whether you plan to stay in your next home for at least five years. But the ratio of home prices to annualized rent (after adjusting for property attributes and neighborhood characteristics) shows the relative affordability of home-ownership. After factoring in mortgage rates, taxes, insurance, maintenance and others costs, here’s the rule-of-thumb: buying is cheaper when the price-to-rent ratio is less than 15, and renting is cheaper when the ratio is above 20; between 15 and 20, renting or buying could win out depending on how long you’ll stay put and which tax bracket you’re in for the mortgage interest deduction. Only Honolulu and San Francisco are in the “it-depends” range of 15-20, while all other metros are in the “buying is cheaper” range of 15 or less.
Where_Buiying_is_Most_Affordable.png
Where_Bying_is_Least_Affordable.png
What factors contribute to higher price-to-rent ratios in some metros? Surprise! It’s not the effect of the housing bubble. Metros where prices fell more during the bust don’t have either lower or higher price-to-rent ratios, on average, than other metros that weathered the bust better. Cleveland and New York, for example, saw similar price declines during the bust, but the price-to-rent ratios are high in New York and very low in Cleveland. In fact, of the metros where prices fell most from the height of the bubble – Las Vegas, Phoenix and many Florida metros - none make our top 10 list of metros with the lowest ratios.
Подробнее здесь: Where to Buy and Where to Rent Now.
Comment