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Renting vs. Buying: What Does it Really Cost? [INFOGRAPHIC]

May 20, 2016 11:18 am

Some Highlights:

  • The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent.
  • Buying costs are significantly less than renting costs.
  • The percentage of income needed to afford a median priced home is less than the historic norm.