CHARLOTTE, N.C. — Buying a home has almost always been preferred to renting, but more people are changing course due to a few factors.
A daunting real estate market, limited inventory and high interest rates have would-be homebuyers reconsidering their options.
For a lot of people right now, renting just makes sense.
For years, people thought of renting as almost throwing away money, because you got no real return on your investment. But, experts now say buying a home has far more dead costs.
Things like the thousands you have to pay a real estate agent and the interest you pay on bank loans all add up.
And the housing market isn't that strong.
People who were trying to sell their home are now turning to renting to make money, and rental prices in Charlotte are going down.
All those apartments you see going up all over the city are a renters best friend, because supply is finally starting to catch with the demand.
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