Renting Now Costs Twice as Much as Buying

Renting Now Costs Twice as Much as Buying

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Tara Bellucci
Dec 9, 2014
(Image credit: Blacqbook/Shutterstock)

Zillow reports that renting costs about twice as much as buying. In the third quarter of 2014, US renters could expect to spend about 30% of their incomes on rent, while those buying homes could expect to spend just 15% of their monthly incomes on their mortgage payment. Even homeowners with smaller down payments spent about 17% of their income on their mortgage.

Renting Now Half as Affordable as Buying in the US | Yahoo! Homes

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