Selling Real Estate

BUY or RENT a House in 2022? (Austin, Miami, Denver, Memphis, LA & MORE!)

Austin, Denver, Salt Lake City, Los Angeles, and Seattle are some of the 10 CITIES where it is better to RENT in the 2022 Housing Market than to BUY. Buckle up – there’s a HOUSING CRASH coming for these cities!

But not everywhere is like this. Housing Markets like Miami, Oklahoma City, and Memphis are places where it is more affordable to buy than rent. Perhaps it still makes sense to buy in these areas.

Become a CHANNEL MEMBER: CHANNEL MEMBER: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join

EXCUSIVE Newsletter Video: https://youtu.be/SSOO6AZHd64

AUSTIN, TX

I believe Austin’s Housing Market is in the biggest Housing Bubble in US History. The annual cost of home ownership in Austin is now over $41k/year including property taxes and mortgage payments. That’s compared to only $22k/year to rent a house or apartment. That mean it’s over 90% more expensive for you to buy a home in Austin right now compared to renting.

DENVER, CO

Denver could be in for a big Housing Crash soon. The annual cost of home ownership is $36k (inclusive of property taxes plus mortgage payments). Meanwhile, it only costs a renter in Denver’s Real Estate Market $22k per year for the typical rental home. That means it’s 60% more expensive to buy a home in 2022 across the Denver Housing Market.

SALT LAKE CITY, UT

Salt Lake City’s Housing Market, and Utah more broadly, is in one of the biggest Housing Bubbles in America. It makes way more sense to renter at this point given the annual rent cost of $19k compared to the homeowner costs of $34k. That indicates it’s 73% more expensive to buy in Salt Lake City compared to renting. Can you say Housing Crash incoming?

But not every city in America is like Austin, Denver, and Salt Lake City. Others actually are more affordable for homebuyers in 2022. For instance:

MIAMI, FL

Miami, like many Housing Markets in Florida, is actually more affordable to buy than to rent. Don’t believe me? Consider that the typical annual rent in Miami is $31k compared to annual homeowner costs of $25k. That means that is actually 17% CHEAPER to buy. Even if Miami is in Housing Bubble in 2022, it’s still more affordable for someone to buy in terms of ongoing costs.

OKLAHOMA CITY, OK

Oklahoma City, and nearby, Tulsa, are two Housing Markets that still offer affordability. It is 12-17% Cheaper to buy a home in these metros than it is to rent. Both Oklahoma City and Tulsa made my TOP 10 Housing Markets to buy in 2022 list.

MEMPHIS, TN

Memphis is 22% cheaper to buy a home in 2022 compared to renting. That’s because ongoing homeownership costs across Memphis measure only $13k per year, including property taxes and mortgage payments, while rental costs are nearly $18k per year.

Zillow Value & Rent Data: https://www.zillow.com/research/data/

Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/

Additional stock footage provided by Videvo. http://www.videvo.net/


INSTAGRAM: https://www.instagram.com/reventure_consulting/
TWITTER: https://twitter.com/nickgerli1
CONACT US: https://reventureconsulting.com/contacts/

DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.

#HousingBubble #HousingCrash #RentingIn2022

Products You May Like

Articles You May Like

My Thoughts Are Changing On The Housing Market
New Home Prices DROPPING FAST (Home Builders Preparing for Housing Crash)
How to invest in Real Estate in Germany | Real Estate investing Ep.1 | How to become a Millionaire
Mid-Century Home With The MOST UNIQUE Fire Pit | Flip or Flop | HGTV
Attempted House Flip Ends in Disaster | Flipping 101 | HGTV

Leave a Reply

Your email address will not be published.