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Reply to "Is the delta between renting & owning now so high that it really just makes sense to rent?"
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[quote=Anonymous]OP of the thread here. I'd love to see some examples. I found these two in Somerset (CCMD): Rental: 4BR/3BA, 2600 ft, listed for 160 days; $5500/month https://www.zillow.com/homedetails/5512-Uppingham-St-Chevy-Chase-MD-20815/37174432_zpid/ For sale: $1.6m (price will escalate IMHO...just posted yesterdat), 4BR/3B, 2400 sq feet; PITI with 20% down: $10K/month https://www.zillow.com/homedetails/5401-Uppingham-St-Chevy-Chase-MD-20815/37174470_zpid/ Delta (ie, ownership premium): $4500/month or $54,000 per year Imagine having not only your $320000 down payment in a monet market account making 5.3% risk free, but also saving an additional $54000 per year. Renting in Somerset is a no-brainer.[/quote]
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