To buy or to rent?
It’s usually cheaper to buy a home than rent one in most places in the U.S. — 35 percent cheaper on average in the early part of 2015, according to a new report from Trulia, a real estate website.
And for residents in two Louisiana housing markets the decision to buy is a slam dunk:
In Baton Rouge, it was 53% cheaper to buy.
In New Orleans, it was 52% cheaper to buy.
Trulia’s Rent vs. Buy Report assumes a traditional 30-year fixed rate mortgage with a 20% down payment. But for those looking to buy a home, apartment, or condo with homeowner association fees, the extra cost could make renting a more attractive option.