Renting is now cheaper than owning in all of America’s 50 biggest metro areas

[Mountaineer92]

youll own nothing and be happy

[Bushmaster]

Nah, they'll likely keep you below market rates if you sign longer term. And this gives the security you're looking for.

Ok.

And while you're enjoying your "security" your landlord will be making 36 steady mortgage payments thanks to you.

Edit: (And speaking as a landlord - you won't be below market rates lol)

[LeftistGent]

Everybody who knows how markets operate sniffed out the fact that the COVID housing runup was nothing more than Boomer exit liquidity. We're currently on the precipice of the next big leg down.

Yep, any day now. You clowns have been saying this for years. The reality is it can and will get MUCH worse. Just look at Canada or Australia. Things are still cheap in that sense.

[Bushmaster]

landchads are in delusion, its very clearly in a massive bubble right now. once everyone starts getting laid off a crash will happen, we been through this before.



yes renting is cheaper, the landchads are in competition with each other for rentcels and a lot of landchads, the ones who brag about being locked in to low interest rates, they are the ones lowering the rent prices.

I had a tenant whose lease was up and he moved out of my rental in January. He was paying $1600 per month - and that was only because he had been a solid tenant and I didn't want to raise the rent on him "just because."

But he moved on though.. New tenants moved in March 1st, and fair market rent in that zip code is now $2k per month. They signed the lease, gave me a $2k deposit along with March rent, and just like that I'm getting an extra $400.

But sure.. you all go right ahead and believe we're all lowering the rent prices lol.

[Lexira]

Cope. Nothing wrong with renting if it is all you can do, but nothing beats owning.

Landlord checking in. Alhamdulillah

[WoofieNugget]

I'm the first one to break down the numbers on how renting makes more financial sense than buying in certain circumstances.

But just because the rent payment is less doesn't mean it is stupid to buy. It has to be a fairly significant difference to make up for the equity and appreciated value of owning an asset over time, even with interest and things like maintenance and property taxes. Then you also have to weigh in the other factors like needed space, flexibility of movement, etc.

In Canada in pretty much any major city it makes ZERO sense to buy and hasn't for years in most cases. Rent is still quite cheap in comparison to the costs of owning even if taken over the span of ten or more years.

[OneLegSquats]

Yea but when you're 70 you'll still be paying your 30 year old landlord or you'll be sleeping on the streets lol meanwhile us homeowners can spend all our pension on whatever we want because the house is ours.

[AncientYouth]

My house is paid off, lol at rent or mortgagecels

this ^^^^^^