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Why I rent (even though I could buy) - Price-to-rent ratiosThis forum post has messages dated from 11/19/10 through 06/07/11, please be sure to read all the messages. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it. - Rent to Own
| Why I rent (even though I could buy) - Price-to-rent ratios To buy or rent a home is the ratio of the price of the home to the cost of renting the ...to 12.5 16.7 times annual rent.) For example, if a house was selling at $300, 000 and it (or a very similar ...to rent it than buy it. I read an article on CNN Money that looked at 10 cities to either buy ...rent in depending on the 15 times annual rent rule for average home prices. Seattle, my hometown, came in at 25 ...to rent rather than buy (from a financial perspective.) As the article shows, the general trend is that desirable coastal cities |
| If you have much money or if you get a mortgage I think it is really ideal to purchase a direct real estate property. But I still prefer rent to own where I can only pay a little amount every month and I can own the property after few years. I think this is more convenient for someone who only receives a small income but desires to buy own house. |
| "When I rent"
Right, I agreed with you Marynor. You are right that when a person has low source of income, then he generally required a home on rent. |
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