Real Estate Dean Baker, co-director at the Center for Economic and Policy Research in Washington.
D.C., suggests that the buy-versus-rent question can be answered using the price-to-rent ratio. Find two houses of similar size and quality in comparable neighborhoods, one for sale and the other for rent. Divide the price of the house for sale by the total cost of the rental for
A house in San Diego, California, is priced at
.The rent on a comparable house is
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Chapter 9 Solutions
Mathematical Excursions (MindTap Course List)
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