Posted
Mar 13 2008, 01:05 PM
by
Karen Datko
We have a friend who is determined to buy a home, and this causes us to worry. Are prices going to drop where she lives (they haven't -- yet) after she buys? Renting is cheaper than buying in her city. Is she better off continuing to rent and investing the difference?
Thus, posts on this subject intrigue us. One we recommend is Pinching Copper's "Why we rent," one of the top picks in the recent Carnival of Personal Finance.
Of course, there are plenty of good arguments on both sides of the issue. Seb at Pinching Copper makes an interesting case by comparing what it costs to buy vs. rent a home with the same floor plan in each of three different major markets.
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