Pams Real Estate Ponderings

Renting can feel like the easier choice right now. There’s no big down payment. No dealing with surprise repairs. And no long-term commitment. But then your rent goes up again. And again. And suddenly the thing that seemed flexible starts looking…  expensive , especially considering you’re not building any equity. And once that happens, it’s easy to feel a little trapped in the cycle. That’s because there’s so much chatter today about how buying a home isn’t affordable. But the truth is, the math may work out better than you'd expect based on what’s changed recently. Buying Is More Affordable Than Renting in Many Areas  In a lot of places today, owning a home actually costs less each month than renting a 3-bedroom home.  and recent   data   from  A TTOM   shows   that’s true in nearly 58% of counties across the U.S.  ( see chart below ). And that's  after  you factor in things like insurance and typical maintenance costs.  In o...