With both rent and homebuyer costs soaring to record highs, the eternal question of whether to rent or buy has never been tougher.According to a report from on Thursday, renting is now cheaper than buying a starter home in three-quarters of the top 50 US cities -- a stark change from a few months ago, when buying typically cost less. Median rent hit a record high of $1,876 in June, up 14 percent from a year ago -- but that still represented a monthly savings of $561 from the monthly cost of buying a first home, which jumped to $2,437, the report found.
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