Search This Blog

Interested In Looking For a Home?

Have questions? Thinking about looking?
Showing posts with label Rent. Show all posts
Showing posts with label Rent. Show all posts

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!