The premium for homeownership has grown in recent years as home insurance, upkeep, and high mortgage rates skew the buying vs. renting math.
  • Krauerking@lemy.lol
    1·
    6 months ago

    They said 14% in the article. Don’t go doubling it or more for the sake of winning an argument.

    • GiddyGap@lemm.eeOP
      1·
      6 months ago

      Commercial real estate investment firm CBRE pegs the premium to buy versus own at about 35% earlier this year, with the dip in mortgage rates in the fall helping bring that level down from a record high of 52%. Their measure includes the cost of mortgage insurance that most lenders require but doesn’t factor in expenses like homeowners insurance or upkeep.

      We’re talking about two different things.