Buying vs. Renting If you're looking to do either, we got you covered at LivingIn.Miami.
Buying a house in the U.S. is considerably more expensive than renting right now, and the real estate market is expected to stay that way for at least the next five years, according to a new analysis. Analysis shows the average monthly payment on a new apartment lease in the U.S. is $2,165. The average monthly payment on a mortgage for a new home is $2,997, meaning it costs households, on average, 38% more to buy than to rent, according to the analysis. Notably, the gap between buying and renting will continue to be a big hurdle for aspiring homeowners for at least five years, the analysis found ? mortgage payments are still expected to cost 11% more than rent in the year 2030. More at link in bio.
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