With more than one-third of renters spending more than 30 percent of their incomes on rent, alone, when does it become cheaper to buy, especially in a market experiencing above-normal rates of home value growth?
A 72-year-old Olney resident found five strangers in her home and was then physically forced out of her apartment, her cellphone broken – all because she was behind on her rent. Police say she was renting an illegal apartment. Her landlord faces multiple felony charges and 15 people were forced to move out of the now condemned property.
If you are considering renting out a room for extra cash, the best places are outside the Beltway.
The online real estate company Trulia estimates that it\’s 34 percent cheaper to buy than rent a home in D.C., Maryland and Virginia.
While there was frenzy over renting homes and
apartments before Obama\’s inauguration in 2009,
realtors in the D.C. area say the interest has
drastically died down.
Searching for an apartment may be more challenging
now than it\’s been for a while. Vacancies are down
and rental rates up. Here are some tips for