Numerous articles have been written proclaiming that it’s cheaper to rent than it is to buy, that today’s high prices are preventing first-time buyers from purchasing and that millennials aren’t nearly as motivated to purchase homes as the baby boomers were.
- The fact is: there’s more value in owning a home than renting, and now is a good time to buy as people are spending a smaller percentage of their income on home payments than 30 years ago and interest rates are low.
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