In a recent issue of Multifamily Executive magazine, we learned that in the nation’s most desirable – and expensive – metros, renting remains the once and future king of housing economics.
The Top 10 Rent vs. Own Cities include:
- San Jose, CA
- San Francisco
- New York City
- Los Angeles
- San Diego
- Washington, D.C.
- Portland, OR
However, as rents continue to rise and home prices continue to decline, the advantages of renting over owning are becoming narrower in many major metropolitan areas.
To our homebuilder audience: where does your area stand in the rent vs. own battle?