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Friday, September 16, 2011

Buying vs Renting

My amazing manager at Comey sent out a great email last night pertaining to renting vs buying:


KAREN'S TIP:  The Buying Tipping Point
I’ve been saying it for 3.5 years…it is an incredible time to buy…today is even more reason… Rate on 30-year mortgage falls to record 4.09 percent…lowest rate since 1951 when

Average Cost Of New House.... $9.000
Average Wages Per Year.......... $3,510
Cost Of A Gallon Of Gas.......... 19 Cents
Average Cost Of A New Car...... $1,500
Loaf Of Bread.......................... 16 Cents
LB Of Hamburger Meat............. 50 Cents
Bacon Per LB........................... 52 Cents
Eggs Per Dozen....................... 24 Cents

The average cost of a home today in the Greater Cincinnati area?  $167,925  What does this mean to a prospective buyer who is currently renting?  The GinnieMae Buying vs. Renting calculator says…
GinneMae - Buying vs. Renting Calculator Results.jpg

INTERESTING INDEED

Let me know if I can help you in anyway!