{"id":12914,"date":"2018-02-06T14:57:22","date_gmt":"2018-02-06T14:57:22","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=12914"},"modified":"2018-02-06T14:57:23","modified_gmt":"2018-02-06T14:57:23","slug":"owning-makes-financial-sense","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/owning-makes-financial-sense\/","title":{"rendered":"Owning Makes More Financial Sense"},"content":{"rendered":"

Owning Makes More Financial Sense<\/h1>\n
\"Owning<\/a>

Owning Makes More Financial Sense<\/p><\/div>\n

As home prices and rental costs rise, more consumers are scrutinizing their best financial move: to buy or rent?<\/p>\n

Realtor.com\u00ae\u2019s research team analyzed annual median rental costs versus annual median costs of homeownership (including mortgage payments, taxes, and homeowners insurance) to find whether buying or renting made more financial sense in the nation\u2019s 500 largest counties. Realtor.com\u00ae also factored in median incomes in each of the counties.<\/p>\n

\u201cHomeownership is the opportunity to build wealth. It also helps people be more stable,\u201d says Joseph Kirchner, a realtor.com\u00ae senior economist. \u201cIf there\u2019s a recession and you lose your job for a year, then people can take out a home equity loan and get through the hard times.\u201d However, the entry costs of homeownership may prove a barrier to many. (Realtor.com\u00ae\u2019s study did not factor in the costs of down payments or annual maintenance costs.)<\/p>\n

The analysis found that some markets are better for buyers than renters. Those locales include:<\/p>\n

1. Baltimore County, Md.<\/strong><\/p>\n