It is a common assumption that it is always cheaper to buy your home than to simply rent, especially if you’re considering staying more than a few years, but we all know New York is not your average market. In New York City, even after three years of owning a home, buyers have paid 11% more than renters. San Francisco leads this trend with buyers paying a stunning 28% more than renters after that same three years, CNN Money reports.
Did you decide to rent or buy?
Leave a Reply