It Makes More Sense to Rent in Charleston, SC
Buying a home can be a good investment, but in some areas the cost discrepancy between renting a place and buying a place can be massive. RealtyTrac, a real-estate research firm, compiled data from 504 counties in large housing markets across the US. They found that in these markets the cost to rent, as a percentage of median wages, was lower than a monthly home payment about 42% of the time.
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