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Rent is generally quite cheap in Colorado, at least it was when I lived around Boulder. I remember seeing this interactive map, but now I can't read it on my ph

Rent is generally quite cheap in Colorado, at least it was when I lived around Boulder. I remember seeing this interactive map, but now I can't read it on my phone to justify my claim: http://www.nytimes.com/interactive/business/buy-rent-calculator.html http://www.nytimes.com/interactive/business/buy-rent-calcula... At some point, buying is definitely the best investment, often times if you rent, you are basically paying the mortgage without any of the incentives of owning.

bdcs 13y ago
Buying vs renting is definitely not the best investment. You must consider that the down payment put into, e.g., stocks can earn a serious return (perhaps enough to pay the rent), while you avoid property taxes, maintenance, etc. From Shiller himself: http://www.nytimes.com/2013/07/14/business/owning-a-home-isnt-always-a-virtue.html?_r=0 http://www.nytimes.com/2013/07/14/business/owning-a-home-isn... In fact, a study (I can dig up the source if requested) found that owning a house vs renting has very, VERY rarely made financial sense in the last 50 years in the USA. Yes, real estate exploded, but so did many other investment vehicles. Keep in mind you can rent a ranch-style home in the suburbs, not just metropolitan apartments.