Do the Math Before You Buy

All My Sons of Jacksonville movers learnt that, whether it’s better for you to buy or rent might depend on where you’ll be living. Even though there are low mortgage interest rates and home prices are also compared to previous years when real estate was booking, buying is not best for everyone. The Trulia website has created a price-to-rent ratio to help people decide what’s best for them: Rent of buy. The price-to-rent ratio dealt with 50 US cities with the highest population. The formula behind the math involves not only the mortgage versus the rent, it includes other factors like closing costs, principal and interest, insurance, property taxes and other things.
The Wall Street journal says that as a rule of thumb, homes are fairly valued in a city when they cost about 15 times a year’s rent. So if you’re paying $10,000 for rent every year, you should think twice before buying a home that’s more than $150,000. The local Jacksonville movers are proud to say that Jacksonville , FL is one of the best cities to buy versus rent. The list also includes our neighbors in Miami, Arlington, TX, Fresno, California, Last Vegas, Phoenix and San Antonio.