September 25, 2005

Is It Better to Buy or Rent? - New York Times

Rent or buy, the age old question. Renting may be today's deal, but only if there are enough places to rent.

"Add it all up - which The New York Times did, in an analysis of the major costs and benefits of owning and renting, including tax breaks - and owning a home today is more expensive than renting in much of the Northeast, Florida and California. Only if prices rise well above their already lofty levels will home ownership turn out to be the good deal that it is widely assumed to be."

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