https://www.dailymail.co.uk/news/article-11039575/Renting-cheaper-buying-starter-house-US.html
America's housing nightmare: Skyrocketing
home costs mean renting is now cheaper
than buying a starter house in THREE QUARTERS
of the US - but both are at record highs
Daily Mail (UK), by Keith Griffith
Posted By: Ribicon, 7/22/2022 4:35:14 PM
With both rent and homebuyer costs soaring to record highs, the eternal question of whether to rent or buy has never been tougher. According to a report from Realtor.com on Thursday, renting is now cheaper than buying a starter home in three-quarters of the top 50 US cities—a stark change from a few months ago, when buying typically cost less. Median rent hit a record high of $1,876 in June, up 14 percent from a year ago—but that still represented a monthly savings of $561 from the monthly cost of buying a first home, which jumped to $2,437, the report found. As recently as January, buying a starter home