Why Spending more than $1005/mo on Rent is a bad decision

There are certain things that it’s better to rent – rent a big car for a trip, a power tool…

There are certain things that it’s better to rent – rent a big car for a trip, a power tool you only use once/year or a movie from Redbox.  I’m a big fan of renting high fashion for events at Rent The Runway.

When it comes to houses, it’s a whole other story.  There are pros and cons to each, but The New York Times put out a great breakdown, and a calculator that makes it easy to know when NOT to rent.  What I love about this article is the BOLD number they came up with:  If you can rent an amazing house for $1005/month or less, then rent.  If not, then it’s time to buy.

Should I Rent or Buy?

There are other factors that go into the decision of course.  Depending on your specific situation, you may have a strong argument for renting or buying – we are really good at helping our clients analyze that decision.  And guess what?  If it makes the most sense for a client to rent, that’s what we’re going to tell them!

Some factors in favor of renting include:

On the other hand, some factors in favor of buying include:


We have spent over 15 years helping the people of Atlanta purchase homes.  In that time we have found that it’s almost always better to buy than it is to rent.  Even if someone only has $1000 to their name we are still usually able to put them in a house they can call their own.

The Bright Homes Atlanta Team has one of the easiest tools in the industry when it comes to finding homes.  Our search engine pulls the latest properties from the MLS so you can see if there’s something out there for you.  Once you find a house that works the fun begins!

Keep us in mind the next time you make your rent payment.  We promise that owning a house is almost as much fun as owning a cocktail dress!

If you're in the North Atlanta area on a weekday, odds are you may find Carrie camped out at a local coffee shop. Having lived in the area since 1985, she knows all the hot spots and enjoys supporting local businesses while conducting business of her own.
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