Tuesday, March 26, 2013

Rent Vs. Buy: Which is Cheaper?

According to a post by Trulia, it is 63% cheaper, in the Oklahoma City metro area, to buy than it is to rent.  63%!!! What would you do if you had 63% more? Go on a vacation?  Get a loan, and pay it off early?
There are very few reasons why renting would ever be a better option than buying a home.  Renting is a way of paying someone else for their equity position in life, why do that when you could be increasing your own equity?  Real Estate is a long term investment, but an investment with a high probability of appreciation.  Click the link below for the full article!  And for more information on buying a home feel free to call me!

Katie Craig
Keller Williams Mulinix OKC
Norman, OK
405-329-6976 Office
405-406-2457 Cell

http://trends.truliablog.com/2012/09/rent-vs-buy-summer-2012/