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How one homeowner saved big by buying instead of renting

Posted by Bonnie Martin Designated Broker on Tuesday, June 24th, 2014 at 7:32am. - When it comes to housing, you may be surprised to find that the cheaper option is to buy rather than rent.

Buying a home might seem like a huge expense, so it's easy to convince yourself that you'll be stuck renting for the rest of your life. But in many cases, getting a mortgage can turn out to be a lot cheaper than what you would spend paying rent month after month.

In fact, a recent study by real estate site, Trulia, shows that "homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas." In fact, buying a home is about 38 percent cheaper than renting, according to the study.

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