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Buy or rent? 10 major cities

Deciding whether to buy or rent? Here's how the math plays out for some of the nation's biggest cities, according to real estate site Trulia.

Atlanta

atlanta buy or rent cities gallery
  • Buy or rent?: Buy
  • After 3 years: Buyers save 38%

Home prices have fallen dramatically in Atlanta, as foreclosures continue to come onto the market.

The median home price in the metro area is a mere $130,000, according to NAHB. And while renting is pretty cheap too, buying is still the better bet.

Even a buyer staying three years would see a savings of 38% over renting.

Source: Trulia
Savings are based on a comparison of total housing costs for buyers and renters and include transactional cost, such as commissions, taxes, appreciation and opportunity costs, like the potential returns of selling a home. The calculation assumes homeowners will put 20% down on a 3.5%, 30-year fixed-rate mortgage, will itemize deductions and are in the 25% tax bracket.
  @CNNMoney - Last updated March 28 2013 12:23 PM ET

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