Which Is Better: Renting or Buying? See Answers from Experts – Curbed DC

It’s a tie:

“I’ve always used a general rule of thumb that if the rental price is greater than 1% of the purchase price ($3,000 monthly rent for a $300,000 home as an example) then buying is a no-brainer. If the purchase price ratio is lower than 0.5% ($3,000 monthly rent for a $600,000 home) then renting is the clear answer…” – Author Crystal Stranger

View full article at:

http://dc.curbed.com/archives/2015/07/washington-dc-buying-vs-renting.php