Trulia.com’s “rent versus buy index” is the best resource on the internet for answering a very generic question – should you rent, or should you buy in metropolitan Atlanta?
For the past few months, Atlanta property, dollar for dollar, is better to buy than to rent – on average – across many counties.
The BUY NOW versus RENT NOW numbers get even more dramatic for buying now when certain submarkets are studied. Here’s two examples:
1. just about any close in condominium, loft or townhome
2. just about any house in a great Intown school district
My friend Scott Mauldin sent me a 16 page document yesterday entitled “Housing: A Time To Buy” written by some of his folks at JP Morgan Asset Management – the overwhelming evidence supports buying in the best Intown Atlanta submarkets – is it time for you to make the move up?
You can find the article within two clicks, here.