Home Radio Segments Real Estate Round-up Buying a Home Cheaper Than Renting

Buying a Home Cheaper Than Renting

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with Terry Story, 25-year Veteran Real Estate Agent with Coldwell Banker in Boca Raton, FL

 

Terry wants you to know if you’re getting caught in the renter’s trap. Real estate tracker Zillow reports that renters are now paying close to 30% of their income to rent while home buyers are paying considerably less towards their mortgage. So find out if you’re in the renter’s trap and if purchasing a home makes more sense for you as the FHA eases up on lending standards.

Terry also talks about fractional ownership of a second-home and whether there is price appreciation and liquidity in that market.

Finally, she talks about cities in Florida that offer a considerable cost of living advantage relative to other parts of the US, specially for retiring baby-boomers.