Should you buy or rent a Boston luxury condo? Some feel in this high prided Boston condo market it may be better to rent than to buy. the problem is not only are condo prices on the rise, but so are Boston condo rents.
The Census Bureau recently released their 2017 third quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:
As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether you should rent or buy your next home, you should take this into consideration.
Bottom Line
One way to protect yourself from rising rents is to lock in your housing expense by buying a home instead of renting. Let’s get together so we can help you decide what the best step is for you and your family!
For more information please call Robert Veek 617420-1401.