Renting Really Is Twice As Expensive As Buying
The stats are really quite simple. On average, homebuyers with median income who purchase the typical home spend 15.3% of their income on their monthly house payment. In contrast, renters spend 29.9% of their monthly income on rent. (Data source: Zillow, 12/9/14 article.) Those are pretty impressive numbers, or make that ‘distressing’ if you’re renting. […]
