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Renting and buying prices are equivalent in the Bay area? Not in Palo Alto or the few surrounding cities.
by gmarx 11y ago
Renting and buying prices are equivalent in the Bay area? Not in Palo Alto or the few surrounding cities.
- pfarnsworth 11y ago10 years ago or more, the rent prices were much lower than the price to buy a place so it made sense. Now, it doesn't matter which you do, either buy or rent. They are both wrong, because both are sky-high.
- illicium 11y agoWhen the Bay Area housing bubble collapses in the future, renting will get cheaper, and your mortgage will stay the same.