Buying home cheaper than renting in Phoenix

Buy rentBy Bob McClay | KTAR

Buying a home may actually be cheaper than renting, a home-pricing website said.

Trulia.com says monthly payments are less for homeowners than renters.

“Owning a house is about 38 percent cheaper than renting,” said Valley real estate expert Dean Wegner.

This average monthly payment does not include maintenance costs for homeowners.

Wegner said the reason it’s cheaper to buy is the recession.

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