The Real Deal Miami

Within three years, buying beats renting in South Florida: Zillow

August 03, 2012 02:15PM

Since the recession, renting has been the most practical option for many Americans, but in South Florida, it still may make sense to buy — or at least it will after three years. That’s the time frame in which local homebuyers reach the break-even point, according to data cited by the Sun Sentinel. South Florida has one of the shortest break-even points in the country, with an average of 1.6 years. In West Palm Beach and Miramar, a home buyer will break even in 1.4 years, and in Fort Lauderdale, it will take a home owner an average of 2.8 years to come out even.  [Sun Sentinel] – Christopher Cameron