Cheaper to Buy than Rent in South Florida`
CHEAPER TO BUY THAN RENT
Below is a graph from a study conducted by RealtyTrac, a respected real estate information company, that shows it is currently cheaper to buy than rent a 3 bedroom single family home in South Florida’s Miami-Dade and Broward Counties.
It shows you will pay approximately 10% more of your income to rent in Fort Lauderdale and surrounding Broward County communities versus buying.
Rents have skyrocketed in recent years and are projected to continue to rise for years to come. However, interest rates are still historically low but expected to start increasing. Right now you have an opportunity to own your home or condo for less than it would cost to rent.
Take advantage of this opportunity and contact us for a list of homes or condos available for sale.