“Renting is now cheaper than owning in all of America’s 50 biggest metro areas”
March 27, 2024
“Thanks to rising home prices and elevated mortgage rates, it’s now cheaper to rent than it is to buy a home in all of America’s biggest metropolitan areas, according to a new report by Realtor.com. In its February monthly rent report, the company found that it’s more affordable to rent than to buy a home in all of the top 50 metro areas in the U.S…”
Translation: The american dream is dying. The middle class is being priced out. There is increasingly only the rich and the poor.