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Renting vs. Buying

Buying a home in Atlanta is becoming more affordable as renting becomes less so, according to recent numbers from Zillow. From 1985 through 1999, Atlantans spent an average of 19.9 percent of their income on home ownership; these days, that has fallen to 11.7 percent. Renters, on the other hand, are having a tougher time of things, historically paying 17.6 percent of their income to rent and now paying 23.8 percent. The conundrum for many first-time buyers becomes how to save for a down payment when 23.8 percent of what they bring in goes straight to their rent. [Zillow]