In a recent New York Times article, the self-described "evangelist for renting" David Leonhardt describes the economic factors that finally made him take the plunge and become a homeowner.
With home prices skyrocketing a few year ago, renters enjoyed the benefit of lower housing payments and more flexibility to relocate for work, school or love. Homeowners have always enjoyed tax breaks, control over their living space and (until the last year or two) steady appreciation of their investment.
These are the same complexities that go in to the HotPads Buy vs. Rent Calculator, and easy way for you to see what makes sense in your specific financial situation. You can also search for apartments, condos and home for rent and sale by monthly payment using the HotPads "Buy vs. Rent" housing search.
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