Top 10 cities where renting is better than buying

  • (MoneyWatch) You've been told time and time again that buying a home is a better financial option than renting.

    But that's not true everywhere. Despite the affordability of today's homes, there are a few cities around the U.S. where renting might be a better bet, at least in the short run.

    Comparing buying versus renting costs is all about identifying the break-even point. It's a given that buying a home is more expensive upfront than renting. But at some point, owning typically becomes less expensive than renting.

    The question is: how long does that take? If it takes more than a couple years before owning costs less than renting, you might be better off financially as a renter, especially if your long-term plans aren't that certain.



    The longer it takes before buying becomes less expensive than renting, the less sense it makes to buy now. Check out the top 10 cities where renting could be better than buying.

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