Real Estate
Buy or Rent? The Decision Has Never Been Harder as Cost Gap Narrows
The difference between median rent and monthly mortgage payments in the U.S. is the smallest on record.
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The calculus on whether to rent an apartment or buy a home has gotten more difficult.
That’s because the difference between median monthly rents and median monthly mortgage payments in the U.S. has narrowed to just $30 — the smallest gap on record, according to the real estate brokerage Redfin.