http://www.nytimes.com/2014/05/22/upshot/rent-or-buy-the-math-is-changing.html?abt=0002&abg=1
It's neat. I plugged in some sample numbers and arrived at about the same conclusion I did a few months ago: I can get more for renting than buying, currently.
The Times also created an online calculator that enables prospective buyers and renters to analyze their own decision. For example, for a typical person considering the purchase of a $500,000 house who expects to live there seven years, it might make more sense to rent if a similar place is available for $1,956 a month or less.
“A lot of these coastal markets look overvalued compared to rents,” said Mark Zandi, the chief economist at Moody’s Analytics. “In these markets, it seems generally more attractive to rent than to buy, even as the national market is broadly well balanced.”
It's neat. I plugged in some sample numbers and arrived at about the same conclusion I did a few months ago: I can get more for renting than buying, currently.