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Simbha

Infographic: Rent vs Buy

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Here's an infographic found on-line today. It shows various statistics on city economics, including purchase price-to-rent ratios.

http://insights.truliablog.com/vis/rent-vs-buy-q3/

Unsurprisingly, Houston and Dallas show up as 'more affordable to buy'. In NYC, it's more expensive to buy.

What's striking to me about this data is that Fort Worth shows up as the second most expensive city in which to buy (relative to renting). Can anyone who knows about the city shed some light on this?

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I don't know, but I'd guess it might have something to do with the Barnett Shale field under Ft. Worth. The mineral/gas rights raise land values.

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I don't know, but I'd guess it might have something to do with the Barnett Shale field under Ft. Worth. The mineral/gas rights raise land values.

That has to be it. These days gas wells are popping up everywhere in Fort Worth.

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