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Jeero Habeshian The Glencrest Team's Blog

By Jeero Habeshian | Managing Broker in La Crescenta, CA

To Rent or Buy in California?

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) analyzed the difference between renting and buying a home.  Housing costs and tax implications of buying a home and renting a home were computed as a part of the analysis. 

 

Based on C.A.R.’s calculations and assumptions, the monthly PITI for a first-time buyer purchasing an entry-level home would be $1,630.  The monthly expense of renting a 3-bedroom, 2-bathroom apartment would be $1,875. For more information about the tax benefits and costs of owning versus renting, C.A.R.’s assumptions, and to view data charts, CAR Rent vs Buy Article
 
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