Tax changes in the new 2018 tax law is affecting much of how we need to think about our financial lives. With this in mind, urban.org just posted a great article which goes into some good depth on how one would decide if they should rent or buy. There is a great chart (below) that shows the break even points for different income groups, and it indicates that the new tax law reduces the incentive to buy in a market that is already very seller friendly.
