esmith, first, lets just

[an]

esmith, first, lets just assume that we’re already at the bottom and we’re just going to stay at the bottom for the next 5 years. You can get a 5 year CD at E-Loan for 5.25%. That’s ~$350/month after taxes. So, you would have to compare $2300/month mortgage with $2650/month rent.

For $2700/month in rent, you can rent places like:

This or this.

Houses similar to those 2 are selling in the mid 600s right now.

At today’s environment, assuming we’re at the bottom is pretty bold.