LOUISIANA (KTAL/KMSS) – When it comes to renting vs. buying a home, there are pros and cons to each.
Renting a house or apartment is usually cheaper in the short term, but buying a home can help you start to build equity, which is the difference between what you can sell your home for and what you owe on your mortgage.
The location of the house is also a factor, as certain cities have much higher price-to-rent ratios than others. New Orleans, Louisiana is one of the most buy-friendly cities in the U.S., according to median rent data from Zumper and median home prices from the National Association of Realtors (NAR)…