Zillow.com, the real estate information company, recently released a study that finds, in most U.S cities, buying is a better deal than renting after just 3 years of ownership. In Florida, it's even less time because real estate prices have been crushed.
If there's one thing I see Marco Island buyers struggling with, it's property valuation. Even in a market where prices are often between a half and a third of what they were five years ago, many are still unsure that they're getting a good deal. This study by Zillow is proof that not only are prices cheap when compared to 2006, they have fallen to the lowest in the country relative to rent.The time to buy in Florida is right now.
Many are familiar with the price-to-rent ratio. This is a
