I just had this discussion with some friends who got their PhDs and bought homes. "Paying rent is just throwing your money down the drain" they said. It's eas

I just had this discussion with some friends who got their PhDs and bought homes. "Paying rent is just throwing your money down the drain" they said. It's easy to ignore the opportunity costs of owning a home. I wrote a blog post explain the economic reasons why the cost of owning and renting might differ: http://aspiringeconomist.com/index.php/2010/04/17/rent-vs-buy/ http://aspiringeconomist.com/index.php/2010/04/17/rent-vs-bu...