the ongoing debate between buying and renting has cropped up quite often these days. One variable that seems to be an underlying factor is that you can pay less to own a house than if you rent the comparable home right now. With interest rates as low as they are and prices still low as compared to the pre-recession it has a lot of people I know buying because of the rental market being so high.
The demand for rent in the Charlotte area is very high and most properties do not last long thus rising the prices people pay for a rent... The difference can be between 10% to 30% difference depending on the price point you are looking at and the location.
The projections for Charlotte over the next couple of years shows that buying is an advantageous thing right now as prices are expected to increase slowly over the next few years.
But ultimately it comes down to what you are comfortable with and what you are looking for. If you can let me know what you want and where you want to be. I can give you an idea of a rental versus a buy comparison for that area so you can have all the facts to make an educated decision.
Helen Adams Realty