Rent vs Buy!?!?!
In an article from CNN Money earlier this week, they looked at this issue as we are entering 2011
Here is what they said "Perhaps not surprisingly, ti makes more financial sense to rent than buy today in many US cities...
BUT that may finally be changing. Moody's chief economist Mark Zandi expects the trend to reverse this year in many major cities
By mid 2011 and certainly by end of 2011, buying will be superior to renting in most parts of the country." Zandi says.
As one person recently said "Rents are just like adjustable mortgage rates. They adjust often and most times they adjust upwards."