No one here is wrong. The deal didn’t make sense versus renting in 2011 and makes even less sense now. The figure of $5k+/mo is off-base, sorry to say.

You can rent a dog-friendly 3-bedroom in Encinitas for $3150.

http://sandiego.craigslist.org/nsd/apa/5016043874.html

How about 4-bedrooms (cats only) for the same price?

http://sandiego.craigslist.org/nsd/apa/5013325431.html

4 beds, no pets, $2600..
http://sandiego.craigslist.org/nsd/apa/5011035755.html