Woah jp,
For many prices ranges it is cheaper to buy and for the highest ones it isnt. I did jstoesz buy vs rent calculator inputting exactly what happened. Over the 11 years I have been hear it came up as a $40,000 net positve decision PER YEAR!
I agree that I tend to be myopic but I know I can find deals all over this county. I am in the process of hammering out a deal on a condo in a great school district (poway) for a 1st time buyer. They are very conservative and he is actually a bank examiner. The costs will be cheaper than rent by at least $200/month without factoring in tax benefits. Sounds like a winner winner chicken dinner to me.
