Ever wondered whether it is better to buy or rent?

rentCheck out this just released report from RP Data which compares the cost of renting to having a mortgage, based on 4 different mortgage choices.

Findings showed there were 238 suburbs nationally where servicing a loan was more affordable than paying the landlord rent based on the most popular principal and interest scenario with a variable mortgage rate.  Based on an interest only loan with a fixed rate over three years the number of suburbs expanded to 1,759 suburbs nationally.

All these findings and detailed tables are available in the report which can be downloaded here for free:  www.rpdata.com/buyorrent

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