Las Vegas residents are feeling the financial squeeze when deciding whether to rent or buy in today’s housing market, with some saying homeownership remains out of reach despite their best efforts to save.
The question to “rent or buy” is one I’m continuing to follow after the topic was brought up by you at our Advocacy Fair last fall.
Now let’s take a look at the state of market today
According to financing company Bankrate, you need to make at least $126,000 to afford a typical home in Nevada — meaning when it comes to owning a home in Las Vegas, the gap between dream and reality can feel massive for many residents.
Greg Snyder, who currently rents and drives for Uber, has been saving but still finds the costs of buying prohibitive…