Better start buying in Florida instead of renting (or start buying investment properties)....
Housing is the biggest expense for many Americans, accounting for more than 30 percent of a household’s yearly expenditures, according to the Bureau of Labor Statistics. But housing costs can vary greatly, depending on where you live — and whether you’re a renter or owner.
Renting vs. buying a home in Florida:
Monthly rent in Florida: $1,695
Monthly mortgage in Florida: $1,297
Rents have been rising in the Sunshine State — especially in South Florida where the population is growing and demand for rentals has increased, the Sun Sentinel reported in April.
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