Quote:
Originally Posted by Lenny2
I still don't get where you get this "premium" idea from.
Maybe you live in a fucked up real estate market..
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If you look at the the ratio of rent to home price in many market, you'll clearly see the "premium price you need to pay to own a house.
For example, In Boston, you can rent a two bedroom in a nice area for $1,200 per month; to purchase it, it would cost roughly $400,000 with and a monthly expense of roughly $3,000. You feel me now!
Also a currently rents are currently at their lowest price ever compared with home prices...