Ten Places in America Where Renting is a Better Deal than Buying Right Now
By Robert G. Yetman, Jr. Editor At Large
Many of you who���ve been reading us for a while at Christian Money.com know by now that we���re no longer ���all in��� when it comes to buying a home over renting one. We used to be, a long time ago, but different changes in the socioeconomic landscape of these United States over the past many years have removed the ���no-brainer��� status from the idea that one should buy, as opposed to rent, whenever possible. This is not to say that buying a home is no longer a good idea for anyone���just that it may not be a good idea for everyone.
Anyway, if you are someone who, for whatever reason, is just fine with remaining a renter for the foreseeable future, you may be interested in a recently-published list of ten places in America where you���re actually better off, from a financial standpoint, renting than buying. The locations noted are: San Francisco; Seattle; Suffolk County, NY; Denver; Washington, DC; Portland, OR; Los Angeles; Port St. Lucie, FL; Asheville, NC; and Lincoln, NE.
These are just examples; there are lots more places like these out there in America right now, but the point is that as home prices continue to ascend while wages stagnate, renting will remain a superior financial option for many people in a wide variety of locations around the country; factor in the assault on homeowners��� rights being waged at every level of government in America today, and some of you may decide to never again buy a house.
