Monday, May 23, 2011

Buy vs. rent: These days, buying wins

May 13, 2011: 8:37 AM ET
Buy vs. Rent: In Boston, renting still makes sense.The math is beginning to favor buying. But in some cities, like Boston, renting still wins.

NEW YORK (CNNMoney) -- For the first time in years, buying a home may beat renting.
Two factors are at play, according to researchers who recently crunched the numbers, Ken Johnson of Florida International University and Eli Beracha of East Carolina University for a paper to be published in Real Estate Economics.

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