It’s Better for Millennials to Buy Than Rent—For Now
In 98 of the biggest 100 U.S. metros, young workers are better off buying a house than renting one.
Is it better to rent or buy?
It’s an old parlor game and, in recent years, a source of frustration for young workers. Low interest rates and home prices knocked down from the housing crisis have made buying a much better deal than renting in virtually all U.S. markets. But good deals notwithstanding, buying is an option only for those who earn enough to afford the homes available on the market.
A report from Trulia on Tuesday offers some hard solace for would-be homebuyers priced out of hotter housing markets. Across the U.S., the report said, it’s 23 percent cheaper for a young