I’m not going to reinvent the wheel, here. Trulia just came out with a report that promotes ownership over renting for those planning on staying in the same place for 5+ years within the DC area. In Montgomery County that figure is 36%, while in DC proper it’s 27% cheaper to own than rent.
Click here to see the full article.
Oh, and if you’re looking to save some big bucks and buy a place, give us a ring. There are a lot of programs out there to provide first time buyers with down-payment assistance. Don’t go it alone We are here to help!