Cambridge: Why Renting Might Cost You More in the Long Run

Cambridge: Why Renting Might Cost You More in the Long Run

In Cambridge, median rents for a 2-bedroom can easily exceed $3,500. While buying requires a down payment, the 'cost of waiting' is often the most expensive choice you can make.

The 5-Year Break-Even

In many Cambridge neighborhoods like Inman Square, the financial break-even point-where the equity built and appreciation outpace the costs of a mortgage-is often just 4 to 5 years.

Wealth Building

Rent: 100% interest (you're paying your landlord's mortgage). Buy: You're forced to save through principal paydown. Plus, in Cambridge, historic appreciation has averaged 5%+ annually over the last decade.

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