Should I rent or buy?
Rent or Buy ?
There is a severe shortage of rentals available in our area. Due to increased demand rental rates have risen. And as those rental rates go up, the difference in cost between owning a home and renting a home lessens.
Let’s look at an example. An average condo in Freehold Township will rent for approximately $2,000 per month. The average condo in the same town sells for about $234,000.