Better to Rent or Buy Near You?

In places like New York City, it's not unusual to rent for your entire life, while in other parts of the county, homes are more affordable, so buyers are less worried about taking the plunge.



With interest rates so low and home prices down 20 to 30 percent from their peak in 2006, it is a great time to buy for most people. However, the uncertainty of rising unemployment makes renting a smart bet for people who are still on the fence.Rent vs Buy Calculator