Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
SoftBank founder Masayoshi Son speaks in futuristic terms about his company, but the success of his late-stage VC fund is still unknown.Technologyread more
Reports of Tesla vehicles spontaneously catching fire could make customers wary of EVs just as the industry ramps up production plans.Autosread more
The 2019 PGA Championship wraps up on Sunday, May 19. Here's how much money the champion will earn.Earnread more
While the prolonged fight has been devastating to an already-struggling agriculture industry, there's little indication Trump is paying a political price.Traderead more
The outrage has even inspired a Change.org petition called "Remake Game of Thrones Season 8 with competent writers," with over half-a-million signatories and climbing.Entertainmentread more
The company's comments Friday come after the White House said U.S.Trade Representative Robert Lighthizer will "address the threatened impairment" of national security from...Autosread more
Apple CEO Tim Cook was the commencement speaker at Tulane University Saturday. In his speech, the tech executive focused on the importance of addressing climate change and...Power Playersread more
You're better off renting with a roommate than buying your first home alone in cities such as San Jose and San Francisco, California, and Austin, Texas, according to a recent report by online real estate site, Trulia.
When conducting their analysis, Trulia assumed buyers would be taking on a 30-year fixed rate loan, front a 20 percent down payment, and stay in the same place for seven years. Their calculations used median rent and median starter home prices.
Renting with a roommate is overwhelmingly the better option over buying a starter home in the nation's two most expensive markets. In San Francisco, the savings from renting compared to buying is 16.5 percent.
In nearby San Jose, the savings from renting over buying was just under 22 percent.
Sacramento and Ventura County, California, and Austin, Texas, are other metro areas where renting outweighs buying.
Detroit enjoys the greatest savings from buying. Purchasing a starter home in West Palm Beach, Florida, is also a bargain over renting with a roommate, where you save more than 52 percent, according to Trulia.
One caveat: "If you're pretty confident that you're going to be in a place for five to seven years, buying almost always outweighs renting," said Cheryl Young, senior economist at Trulia and author of the report.
Although buying tends to be cheaper, Young still recognizes the challenges that those seeking to become new homeowners face.
"We know that starter home inventory — this is an era of really low inventory — is decreasing every quarter. I think since last year, starter home inventory has gone down like 21 percent. So it's really tough for the first time home buyer," she said. (Click on image below to enlarge.)