Buy vs. Rent: Six Cities With the Shortest ‘Breakeven’ Horizon

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. (Reuters)