- Miller Samuel Real Estate Appraisers & Consultants - https://www.millersamuel.com -

[Bloomberg] Rent v. Buy: Rent Not Always Obvious Choice

Today’s excellent Bloomberg News piece on Rent versus Buy: Manhattan Best For Homebuyers Since 2006 As Rents Jump [1] uses our metrics, namely those found in this chart and info crunched from our preparation of The Elliman Report: Manhattan Rentals 1Q 12 [2]:

[3]
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We are not saying it is cheaper to buy than it is to rent. However with record low mortgage rates and record high rental rates, there are more people transitioning to rental than we have seen in a number of years.