Historically the Percentage of your income needed to afford a home vs. renting was a much closer margin. Making renting make sense. Now Renting will cost you 30.1% of your income compared to buying a median home at 15.3% of your income. Either way you re paying a mortgage why not have it be yours?
http://www.homesforsaleinarlingtontx.org/do-you-know-the-cost-of-renting-vs-buying/
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