Aug 02 2007 Published by Richard Yoo under Ramblings
More on the Rent Vs Buy Debate…. 🙂
Renting vs. Buying: The Realities of Home-Ownership
One response so far
A few years ago Economist Edward Leamer derived a buy/rent ratio for several housing markets similar to the P/E ratio for equities.
http://sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2004/06/17/BUGND776191.DTL
http://www.signonsandiego.com/news/metro/20070717-9999-1n17housing.html
The market can stay irrational longer than you can stay solvent. -Keynes
A few years ago Economist Edward Leamer derived a buy/rent ratio for several housing markets similar to the P/E ratio for equities.
http://sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2004/06/17/BUGND776191.DTL
http://www.signonsandiego.com/news/metro/20070717-9999-1n17housing.html
The market can stay irrational longer than you can stay solvent. -Keynes