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Homeownership Breakeven Times Are Rising | Real Estate News
Homeownership is taking longer to pay off than ever before, with some West Coast cities seeing breakeven points stretch into decades due to soaring home prices and a national housing shortage. While places like Memphis and Detroit offer breakeven times around 11 years, San Jose and San Francisco could take 40 to 50 years — making renting suddenly more financially appealing. Even starter homes feel risky amid high costs and uncertain repairs, forcing buyers to weigh complex financial trade-offs as the dream of owning a home gets pushed further down the road. Listen in comfort:Get a discount on…
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