Rent or Buy
I say rent.
"Housing prices in the Sarasota-Bradenton market have risen so fast that they are out of line with rental rates, a sign that the housing bubble might be real.
A Herald-Tribune analysis of home sale prices compared with average home rental rates -- call it the price-to-rent ratio -- shows the ratio has more than doubled in the past five years.
Nationally, that would place the Sarasota-Bradenton market at No. 15 on a list of the riskiest markets, as ranked by Economy.com, a West Chester, Pa.-based provider of financial research. Other places with similar ratios: Riverside-San Bernardino, in the Los Angeles area, and Nassau-Suffolk, outside New York City."
Full article...
"Housing prices in the Sarasota-Bradenton market have risen so fast that they are out of line with rental rates, a sign that the housing bubble might be real.
A Herald-Tribune analysis of home sale prices compared with average home rental rates -- call it the price-to-rent ratio -- shows the ratio has more than doubled in the past five years.
Nationally, that would place the Sarasota-Bradenton market at No. 15 on a list of the riskiest markets, as ranked by Economy.com, a West Chester, Pa.-based provider of financial research. Other places with similar ratios: Riverside-San Bernardino, in the Los Angeles area, and Nassau-Suffolk, outside New York City."
Full article...
posted by Little_Silvered at 11:23 AM
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