Why rent when you can buy? With the soaring costs of rent, it makes more financial sense to purchase a home, rather than rent one.
CNN Money has a very interesting article posted that discusses the rising costs of rentals and how buying a home is actually a cheaper alternative.
According the the article, “In 98 of the top 100 housing markets, buying a home is more affordable than renting, according to the online real estate company Trulia. Only Honolulu and San Francisco buck the trend.