{"id":4648,"date":"2012-05-02T06:34:44","date_gmt":"2012-05-02T14:34:44","guid":{"rendered":"https:\/\/www.movoto.com\/blog\/?p=4648"},"modified":"2022-04-19T22:22:45","modified_gmt":"2022-04-20T05:22:45","slug":"california-renters-pay-more-for-housing-than-if-they-bought","status":"publish","type":"post","link":"https:\/\/www.movoto.com\/blog\/california-renters-pay-more-for-housing-than-if-they-bought\/","title":{"rendered":"You\u2019re Making Your Landlord Rich"},"content":{"rendered":"

California Renters Pay More Than Buyers<\/h2>\n

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\nIt\u2019s expensive to rent–really expensive. More than you think.
\nWith spring coming and a number of staffers at the Movoto<\/a> Headquarters soliciting for help schlepping cardboard boxes and floppy futons into new apartments and homes, we started thinking about what it would cost to do away with paper-thin walls and inattentive landlords.
\nWhat we found was in 8 of California\u2019s 11 most prominent metro areas, renters on average spend $480 more per month for their units than homeowners in similar homes.<\/p>\n

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Sticker Shock<\/h2>\n

To come up with the number we examined the estimated monthly cost of owning a 3-bedroom, single-family residence compared to the average monthly rent of apartment units in an area.
\nWe found that versus buying a home:<\/p>\n