# Prof. Stijn Van Nieuwerburgh on the cost of renting vs. buying

1 Faculty News May 2, 2014 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](http://online.wsj.com/news/articles/SB10001424052702303948104579534230618539424?KEYWORDS=stijn&mg=reno64-wsj) -- "Renters, for example, don't pay property taxes, homeowner's insurance and, in most cases, maintenance costs. These expenses can cost homeowners about 3% of the price of their home annually, experts say. While those costs can be folded into monthly rent, apartment renters often pay a smaller share as landlords spread the costs among many tenants, says [Stijn Van Nieuwerburgh](http://w4.stern.nyu.edu/faculty/bio/stijn-van-nieuwerburgh), director of the Center for Real Estate Finance Research at New York University."

[Read more](http://online.wsj.com/news/articles/SB10001424052702303948104579534230618539424?KEYWORDS=stijn&mg=reno64-wsj)