Rent vs Buy in Long Island City : Real Estate Advice

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Suzanne MacD…, Real Estate Pro in Morristown, NJ
Suzanne MacDowell answered:
is there a rent vs. buy calculator that considers the investment gain you would make on the money you would instead put down on a house?
Most economists say the rent to buy ratio should be 1:1 or 1:1.5 times. In other words, if it costs $1000 to rent then it should cost no more than $1500 to buy to be a good idea. It ma ... more
1 vote Share Flag Thu May 12, 2011 Rent vs Buy in Long Island City
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