Posts with tag rent ratio

Until the housing crisis of the late 2000s, buying a home was equated with making a prudent real estate investment, especially if you were set on putting down your roots in one place for the next 15 to 30 years. But then conventional wisdom was defied. Over the past few years, homeowners entangled in risky, high-rate... Continue Reading »

Wake up, Pittsburgh! Hello, Phoenix! Pick yourself up, Detroit! It's a brand new day. According to the New York Times, these are just a few of the lucky (though relatively downtrodden) U.S. cities where buying a house has recently become substantially more affordable than renting one. That means home ownership,... Continue Reading »