Still Cheaper to Rent

At least in some cities.

From The Financial Times.



The good news is that one of America's nuttiest markets during the Housing Bubble, Miami, is now back to trend.

By our estimation, US land is among the most attractive investments in the world.  Any appreciable inflation, asset or otherwise, will benefit land prices.  However, it is still cheaper to rent than to buy, at least in elevated markets such as New York and LA.

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