February 10, 2012

Buying is now cost-effective for some renters

Buying is now cost-effective for some renters

When the gap between their rent and a potential mortgage payment closed to $145, Andrea and Aaron Carter bought a home in Glendale, Ariz.For Aaron Carter, a musician who was struggling to fit a drum set, a piano and three guitars into his 600-square-foot apartment in Phoenix, the math on owning a home finally began to work in his favor.