San Diego Housing Market Makes It Better to Rent vs Purchase

The conventional wisdom used to be: Buying a home and living in it is not an investment, but it sure beats renting and dumping money month after month with no return of any sort. Purchased property pays for itself by saving money that you don’t have to pay for rent. In 20-30 years time you own that home whereas you still need to pay rent if you are renting it.

Here in San Diego over the past five or years, I think it would be safe to say that anyone who had to make the purchase vs. rent decision would have been way ahead renting. *Full post at: San Diego home sales blog