Feedback at 5:00- Do You Buy or Rent? - Northern Michigan's News Leader

Feedback at 5:00- Do You Buy or Rent?

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For many, it's the biggest expense every month -- a mortgage or rent payment.

And rents just posted their biggest jump in four years.

Still, rental vacancies are dropping.

One reason is that younger people, many who moved back home during the recession, are moving out and into their own places.

According to Trulia, in 98 of the top 100 housing markets, buying a home is more affordable than renting, in part because of record mortgage rates.

Did you buy your home, or rent? Why? Share with us your housing situation for tonight's "Feedback at 5:00" tune in to 9&10 News at 5:00 to see if your comments make it on air!