Another voice heard from in the never-ending “buy-or-rate” debate, this time from Zillow. Their analysis points out that rising rents and low interest rates in the United States, skew the results in favor of buying after a mere two years!
Zillow goes on to point out that conditions for buyers and renters vary dramatically, even within the same city so all analysis must be broken down to the neighborhood level. Also, of course, rapidly rising prices in the home buying industry leave some would-be buyers no choice but to rent.
Zillow also factors in home equity versus renters’ investment as well as anticipated home value appreciation rates and rental prices in their report.