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Updated almost 8 years ago on . Most recent reply

Kenneth Hong's profile image
Kenneth Hong's profile image
Kenneth Hong
  • Investor
  • from Davis, Ca
  • Member since Sep 13, 2016
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User Stats

19
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12
Votes
Kenneth Hong's profile image
Kenneth Hong's profile image
Kenneth Hong
  • Investor
  • from Davis, Ca
  • Member since Sep 13, 2016
Connect
Kenneth Hong
  • Investor
  • Davis, Ca
12
Votes |
19
Posts
General Landlording & Rental Properties

Cheaper to buy than rent in Midwest?

Kenneth Hong
  • Investor
  • Davis, Ca
Posted
Hello Everyone, I am wondering why anyone planning to live in the Midwest would ever rent rather than just purchasing. I noticed that some of the more affordable houses there have mortgages ranging from $150-$400 (Indianapolis specifically in this case) but tenants would be renting for $600/month or more! It is significantly cheaper to purchase even when including property tax and other expenses, why would anyone rent? Best, Kenneth
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