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SmartAsset compared the cost of renting vs buying a home by evaluating the difference in monthly costs in 343 cities.
It’s cheaper to rent than to buy in all of the top 50 metros. The typical monthly mortgage payment of a median-priced home ($412,778, per Redfin) in the U.S. is $2,703, while the national ...
That's why the renting industry thrives. People rent homes, cars, trucks and movies because not. Getty ImagesRenting and returning -- instead of buying and keeping -- may be a better option. ...
Many locals in San Francisco attribute the negative effects of gentrification to the large number of technology companies in the surrounding metropolitan area. Private shuttle buses operated by companies such as Google have driven up rents in areas near their stops, leading to the San Francisco tech bus protests from locals in the area. [4]
San Jose, California. Median monthly home purchase cost: $6,581. Median monthly rent cost: $3,367. Median monthly home purchase premium: $3,214 (96%) View: 15 Cheapest, Safest Places To Live in the US
Late San Francisco mayor Ed Lee called the shortage a "housing crisis", [34] and news reports stated that addressing the shortage was the mayor's "top priority". [35] Mayor Ed Lee responded to the shortage by calling for the construction of 30,000 new housing units by 2020, and proposing a $310 million city bond to fund below-market-rate ...