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Most Americans live in areas where renting is cheaper than buying

Across the U.S., buying a home is cheaper than renting in the majority of housing markets, however most Americans live in areas where renting is still cheaper than buying. Renting has clearly become the lesser of two housing affordability evils in many major population centers, with renting more affordable than buying in 76% of counties that have a population of 1 million or more.
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