Luxury Valley Homes Arizona Real Estate Blog: Rent vs. Buy: Know The Real Cost -

Rent vs. Buy: Know The Real Cost -

Rent vs. Buy


  • Historically, the choice between renting or buying a home has been a close decision.
  • Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
  • Every market is different. The information here is from national real estate research. Before you renew your lease again, find out if you could use your housing costs to own a home of your own! From a local perspective Scottsdale real estate can help you with the numbers to make an informed decision.


"Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the basis for a number of positive social, economic, family and civic outcomes.”


This article (Rent vs. Buy) is presented by the Luxury Valley Homes team.


Jeff Daley


Jeff Daley is a decorated Vietnam Veteran that supports veterans and veteran issues when possible.



Comment balloon 1 commentJane & Jeff Daley, PhD • February 17 2017 05:36PM


Good morning, Jane & Jeff Daley, PhD this is a post that should be read by every young person who is "gun shy" about a purchase.... keep that credit score where it needs to be and purchase rather than rent.... 

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) 9 months ago

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