Zillow Analysis Shows that Homeownership Is Financially Advantageous Over Renting in Three Years or Less

 Zillow, Inc. has issued a press release stating that their recent analysis of the ‘breakeven horizon’ for homeownership versus renting reveals that buying is more financially advantageous within a matter of three years or less than renting. Unlike other types of ‘rent versus buy’ analysis, which uses a ratio of prices to rents, Zillow’s analysis of “more than 200 metros and 7,500 U.S. cities” included costs such as down payments, “mortgage and rental payments, transaction costs, property taxes, utilities, maintenance costs, tax deductions and opportunity costs, while adjusting for inflation and forecasted home value and rental price appreciation.” http://bit.ly/OFQtHd

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