Housing is one of the biggest monthly expenses in most household budgets which is why we’re always wondering if it’s better to buy or rent? Given the recent housing downturn, most people have put off buying a home due to declining property values, but when will it make sense to finally pull the trigger on buying? With rental prices going up, you have to factor in the prices in your local area to determine if you are you a chump or a champ!
Below are some cities where it is actually cheaper to buy than rent as well as the top 10 places for buyers. For further research on deciding whether you should rent or buy a home, check out our rent versus buy calculator or how much how you can afford calculator.
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