It now costs 52% more to buy a home than rent one: ‘Never been a worse time’

23-10-2023 Business NY Post - Business 31

The average monthly mortgage payment is a whopping 52% higher than the average monthly rent on a house or apartment — a ratio that hasn’t been this out of whack since before the 2008 housing crash, according to The Wall Street Journal. The last time the cost of buying a home versus renting one was...

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