To Rent or Buy? That is the Decision
Deciding whether to rent or buy a home is a big financial decision. The traditional thinking was if you plan to live in a place for more than three years it tends to make more financial sense to buy over rent. However, the recent housing meltdown has changed the market and threw all old perceptions out the window. Zillow.com revealed the metro areas with the shortest average break-even horizon—at 1.6 years-- where it may be more budget friendly to buy a property.
Red Bluff, Calif
It’s the age-old question that has been debated in the housing market for years: when does it make sense to buy a home? Check out the metro areas with the shortest breakeven horizons for homebuyers.