Renting – Housing & Community Development Department

Renting Forever and Trying to Create a Strong Financial Future

May 20, 2024 by Trish Henry

A couple playing air hockey on an apartment complex's community center, an open airy space with huge floor to celling windows and comfortable couches

By Paulette Perhach, New York Times Either by choice or because they are priced out of the market, many people plan to never stop renting. Building wealth without home equity requires a different mind-set. As in any other market, predicting the future of rent charges is impossible. Rents could deflate as they did during the pandemic … Read more

Play with the New York Times Rent v. Buy Calculator

May 13, 2024 by Trish Henry

A screen shot of the New York Times Rent or Buy calculator, it has multiple siders to change setting to see if you will save more money renting or buying a home

Running the numbers It is the biggest financial decision for many younger adults: Should I rent a home or buy one? The decision is especially difficult these days, with both interest rates and rents having risen in the past few years. To help people understand the trade-offs, The Times has just relaunched its popular rent-versus-buy … Read more