search

The Real Deal Logo

Trending

Tides’ original investors may be wiped out by preferred equity dealTides’ original investors may be wiped out by preferred equity dealLA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsLandlords to Rent Board: The Bronx will burn againLandlords to Rent Board: The Bronx will burn againDevelopers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it out
South Florida

Buying beats renting in South Florida — in 1.2 years

Margate
Margate

It’s common knowledge that in most of America, the benefits of buying often outweigh the initial perks of renting over a fairly short period of time. Some South Florida homeowners, however, are hitting the break-even point much sooner than those in most other markets.

Sign Up for the undefined Newsletter

According to a first quarter analysis by real estate website Zillow.com, buying beat renting after just 1.2 years for homeowners in Palm Beach, Broward and Miami-Dade counties. The tri-country region had the fourth-shortest break-even point among the 35 largest metro areas nationwide in Zillow’s report, as noted in a story in the Sun Sentinel. Orlando and Tampa nabbed spots in the top three.

The communities of Lake Worth, Margate and Coconut Creek all experienced break-even points in less than one year, according to the paper. [Sun Sentinel] – Kerry Barger