The article does not really explain what it means for it to be "cheaper" to rent than to buy here. Do they mean mortgage payment + taxes is higher than rent? Or do they mean that mortgage payment + taxes - equity is higher than rent?
It seems like accurately assessing the true cost of owning a home is complicated, to say the least, and it might not be terribly easy to compare it to rental costs across the whole country like this...
It seems like accurately assessing the true cost of owning a home is complicated, to say the least, and it might not be terribly easy to compare it to rental costs across the whole country like this...