Renting vs. owning: The difference is 'higher than at any time since the turn of the century'

``Just over a year ago, the monthly cost of owning and renting were practically identical, according to a blog post from John Burns Real Estate Consulting. "Now, owning a home costs $839 more per month than renting. This differential is almost $200 higher than at any time since the turn of the century," Danielle Nguyen, senior research manager at John Burns wrote. Across residential properties, renting a home would set one back roughly $1,962 a month, according to data from Redfin, as of April 2022. But if a homeowner had put down a 7% down payment for a home, they'd be stuck with a mortgage that would set them back $2,114 a month -- $152 more.''