The Daily Stat: After Just a Few Years, Home Ownership Beats Renting

Are you having trouble viewing this email? If so, click here to see it in a web browser. HOME   |   BLOGS   |   THE MAGAZINE   |   BOOKS   |   AUTHORS   |   STORE RSS   |   Mobile SEPTEMBER 12, 2012 After Just a Few Years, Home Ownership Beats Renting In three-quarters of American towns and cities, it takes 3 years or less for a homebuyer to begin seeing savings over the cost of renting, according to a CNN report on data from Zillow. Factoring in such costs as mortgages, rents, down payments, commissions, taxes, and maintenance, Zillow calculates that the "breakeven horizon" is as low as two years in some areas. But in New York City, which has some of the nation's highest rents, it still takes more than a decade before ownership makes more financial sense than renting. Source: Buy or Rent? 10 Major Cities Share Today's Stat: FEATURED PRODUCT The Heart of Entrepreneurship Collection: Your Road to Success Special Collection Do you have what it takes to build a great business? In a world where you can no longer plan or predict your way to success, how can you achieve your most important goals? This specially priced 3-volume collection will help you survive and thrive in your entrepreneurial business venture. ADVERTISEMENT Follow the Stat: BEST SELLERS HBR's 10 Must Reads: The Essentials HBR's Must Reads Library Set Guide to Persuasive Presentations Guide to Better Business Writing Guide to Getting the Right Work Done PREVIOUS STATS Breakthroughs No Longer Come from Very Young Scientists Dips in Youth Populations May Trigger Recessions All of This Company's Employees Work from Home Anti-Atheist Bias Is Based on Distrust of Nonbelievers Men Are More Economically Impulsive When They Outnumber Women Being Agreeable Hurts Earnings, Especially for Men The Biggest Risk to Life at Work: Transport Incidents Reports of the Mainframe's Death Are Greatly Exaggerated Midskilled Jobs Are Shrinking Faster than Others in U.S. Walking Gains Greater Popularity Among Americans Introducing Mobile ManageMentor Powered by the proven content of Harvard ManageMentor™ iTunes >> Android >> UNSUBSCRIBE   |   UPDATE YOUR PROFILE   |   MORE EMAIL NEWSLETTERS   |   PRIVACY POLICY Was this email forwarded to you? If so, sign up to start receiving your own copy. ABOUT THIS MAILING LIST You have received this message because you subscribed to the "The Daily Stat" email newsletter from Harvard Business Review. If at any point you wish to remove yourself from this list, change your email address, or sign up for other email newsletters and alerts, please visit the Harvard Business Review Email Newsletter Preference Center. OPT OUT If you do not wish to receive any email messages from Harvard Business Review, click here. ADVERTISE WITH HBR This enewsletter is read by thousands of decision makers every day. Learn more about connecting your brand with this audience. Copyright © 2012 Harvard Business School Publishing, an affiliate of Harvard Business School. All rights reserved. Harvard Business Publishing | 60 Harvard Way | Boston, MA 02163 Customer Service: 800-545-7685 (+1-617-783-7600 outside the U.S. and Canada)