As I’ve written in recent posts, buyers are definitely outnumbering sellers these days, which is driving up the demand for houses — and driving up prices too. Yet the cost to rent has risen as well because, with low vacancy rates, landlords have leverage. So does it make more sense to buy in this climate, given that rents are high and interest rates remain low? Michelle Higgens’ article in the NY Times this past weekend ventures to find out. Four couples are put under the math microscope and for three of them, buying makes more sense from a sheer numbers standpoint. Obviously there are many variables in the own vs. rent equation, and the NY market has its own nuances. But if you see a bit of yourself in that article and would like to crunch your numbers, I can help. Get in touch with me here and we’ll see what’s best for you.

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