Buy? Rent? In Cleveland, there's a clear choice, a new analysis finds

This article comes form https://www.crainscleveland.com/ and it talks about Cleveland being a great place to buy a home. It's cheaper than rent!

"In 17 of the country's 33 largest metropolitan statistical areas, including Cleveland, owning a home is cheaper than renting, according to this analysis from the Washington, D.C.-based Urban Institute."

That is a double winner if you want to own or you do own, you can rent your home and make Money. If you want to buy a home it is cheaper than rent than most Metro cities. Cleveland is all about location, location, location. Knowing the best areas to purchase is key to the success of your real estate portfolio. 

Financial freedom starts with affordable Real estate that can have both equity and income potential.   

"In Cleveland and the two other Ohio metros included in the analysis — Cincinnati and Columbus — the Urban Institute concluded it was cheaper to buy than rent. The "rent gap" was most pronounced in Cleveland, where the Urban Institute says the gap in favor of buying vs. renting is 3.73%, with the share of income devoted to a mortgage at 14.48% while the share of income devoted to rent is 18.21%."

Basically most of Cleveland lives below their means, and have a great asset to sell or rent in the right areas. I work with a both home buyers and investors that purchase a lot of homes in the Cleveland Metro area. 

Need to vacation more? Think Cleveland Metro........

Want to find  a great place to live and invest in Cleveland . Call me 216-703-5740 EXP Realty to find the perfect or almost perfect real estate for your needs. 

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