CPI adjusted prices were lower in 2011 than they were in 2001, so your dad was probably onto something. The question is would rent have been cheaper or more ex

CPI adjusted prices were lower in 2011 than they were in 2001, so your dad was probably onto something. The question is would rent have been cheaper or more expensive than home ownership over the time span in the area he would have bought a house. In many hot markets like California, renting was a better move during that time as rents were very cheap relative to the cost of the inflated housing prices during that time.