buying vs. renting...

[wuwt]

Whenever I get angsty about still living in an apartment, I have to remind myself given CA house prices where I want to live (700K+, 6% down), buying isn't better than renting even after _30_ years.

It only starts to make sense to buy once house prices get down to 400K....

Sheesh

http://www.nytimes.com/interactive/business/buy-rent-calculator.html