Affordable U.S. Cities Where Buying Beats Renting
TL;DR Summary
A recent report from Redfin found that it's cheaper to buy than rent a home in only four cities in the US: Detroit, Philadelphia, Cleveland, and Houston. Detroit has the largest disparity, with homes being 24% less expensive to buy than rent. However, Redfin's Deputy Chief Economist advises caution in buying a home during uncertain economic times.
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