therealdeal.com – Over the last few years, rents have been soaring in major cities across the country. In fact, rising rents have even outpaced home price growth in some markets, making homeownership a much cheaper deal than renting. That said, we realize that not everyone is ready to settle down and buy a house even if the math theoretically makes sense.
The trouble is, renting in some cities is prohibitively expensive. For instance, in the city of San Francisco, 78.1 percent of one-bedroom homes are going for at least $2,500 a month. Meanwhile, 66.8 percent of one-bedroom rentals in Boston were listed for $2,000 a month or more.
Categories: Real Estate