Nationally, owning a home can turn out to be less expensive than renting. However, for Bostonians, sometimes renting makes more sense. This article offers some examples of circumstances when buying isn’t recommended. Check it out to see if any of these circumstances apply to you.
Boston is an expensive city to live in, whether you rent or buy. A report from Trulia finds that, nationally, it’s 35 percent less expensive to own a home. However, Boston is still one of the U.S. cities where renting makes more sense. According to CBS News, it takes an average of 4.1 years to break even if you buy a home instead of renting.
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