Rent has skyrocketed recently, largely because people are afraid to buy houses right now, thus more demand for rental units. A mortgage may still be cheaper if

Rent has skyrocketed recently, largely because people are afraid to buy houses right now, thus more demand for rental units. A mortgage may still be cheaper if you can stomach the reality that you might quickly end up underwater. That said, if you have rent control locked in, the choice is likely easy.