Found 1 blog entry tagged as Rent vs Buy.

It’s a crisp Saturday morning in downtown Birmingham, Michigan. You step out of Birmingham Place, the city’s iconic high-rise condo building on Old Woodward, and stroll to grab a latte from a cozy cafe near Shain Park. Living here has undeniable charm, walkable streets, upscale boutiques, top-notch restaurants. But as you sip your coffee, a practical question comes to mind: Is it actually cheaper to rent a condo here than to own one in 2025?

That rent-versus-own dilemma is on a lot of Metro Detroit minds lately, and for good reason. After all, home prices are up and mortgage rates aren’t what they used to be. Many lifelong Michiganders grew up hearing that owning a home is always the smart move, the classic “American Dream” our parents and grandparents…

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