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Stay Focused Ep 9: Buy vs Rent

Randal Engelmann & Erik Gould

We are Randal Engelmann and Erik Gould, partners in providing exceptional customer service.

Feb 7 1 minutes read

On this week's video, Erik & Randal will navigate you through the options of buying vs renting a home. For the first time in the Boston area, it's cheaper to buy rather than rent. Surprised?


Some Highlights:

  • 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. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!
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