It's not ridiculous, but it makes less and less sense as you see the below consideration
- The percentage of income needed to rent a median-priced home today is 29.2% vs. the percentage needed to buy a median-priced home at 15.8%
If you're keeping track, that's almost double the percentage of income to rent vs. Buy a home...
Check it out how that compares historically when comparing Buying vs. Renting...
We put together a website that allows you to enter in how much your paying for rent and where you are living and then sends you a list of homes you could afford right now for the same as you are paying for rent.
For more information or to schedule a time to speak with us about any questions you have concerning, a downpayment, closing costs or please contact us at 480.779.7761
Need to sell your home? Click here for a complimentary valuation.
Sick of seeing homes online that are already under contract? - Search properties on the MLS here
See our Featured Listings Here - Wells Realty Group Listings (these are actually our listings - we'd love to schedule a showing anytime)
Our team averages selling about 1 home every 3 days. That means experience and expertise working on your side. Click here to see how we get it done.
If you have a question you would like us to write about, please shoot us an email to firstname.lastname@example.org with the subject line - Blog Question