Revisiting the Rent vs. Buy Debate

Hi All,
   Happy Columbus Day to you. For those of you who have the day off, congratulations. For those of us working, well, we have to work today!

   Back in June, we covered the much-debated topic of "Rent vs. Buy", and Trulia has released their Rent vs. Buy Index. As Blake Ellis, a staff reporter with CNN Money notes in his article, "Where to buy and where to rent", Trulia is using the following rule to make the Rent vs. Buy determination: If the home price is 15 times higher than the annual rent for a similar property, it is better to rent.

In terms of which cities were mentioned, Ellis cites Trulia's index as follows:

Where to Buy a Home:
Miami, Detroit, Jacksonville, Arlington, Columbus (OH), and Nashville

Where to Rent a Home:
New York, Seattle, Fort Worth, Omaha, Kansas City, and San Diego.

   How do you think Rent to Own fits into the picture? The funny thing is that it could apply to any of these cities, since it is often situation-specific instead of market-specific. Do you Agree? Disagree? Please let us know.

   Do you have any additional recommendations for any other cities not mentioned here? Let us know, as there might be an buyer, renter, realtor, or investor reading this, and we all like to share and help each other.

Have a Great Day, and Happy Rent-to-Owning !!

US Cities, Secrets of Rent to Own, and Joy

Happy Monday to All,

We hope you had a productive weekend.

First, we would like to thank all of the winners of the Free Copy of "Secrets of Rent to Own", and we hope you enjoy reading it and putting what you learn into action! For those of you who missed out, you can check out this handy guide, "Secrets of Rent to Own", at this link: http://www.lease2buy.com/rent2ownbook.php

If you would like to be included for a personal Pre-Blog notification of further contests and give-aways, please send an E-mail to homebuyer@lease2buy.com with the Subject Line, "This Blog-Reader wants in !"

On the flip side, we saw an interesting article worth mentioning, that discussed U.S. Cities In Free Fall, and I, personally, was amazed to see only Miami, Tampa, and Jacksonville in the top 5. Orlando/Central FL was not in the top 5, and I found this actually encouraging. I don't know - I am open to your comments on this one. No matter what they say, there are deals to be had, and in some of these areas, there are pockets of recovery - again, I am open to comments on that as well.

On that note, I hope everyone has a great week. Be sure to choose "FOLLOW" us (Right Hand Column of this page) to be notified of new Blog updates, new contests, new information (and all around joy...OK, well, LOL on the "joy" part).

Have a Great Week, and Happy Rent-to-Owning