Have you seen the rates lately? I still consider anything under 8-10% to be a bargain. We might not see the 3-4% days for a while, but look back many years and you’ll see 8%, 10%, 12%, and even higher! Here’s some recent information that I found….
A new study compared all costs associated with owning and renting in 20 major metropolitan areas nationwide. Pittsburgh and Detroit were the only two locations where owning was less expensive than renting.