FWIW it's generally a time-value/location thing. The longer you own, the more sense owning makes. (This is obvious where there's no longer a mortgage and the on

FWIW it's generally a time-value/location thing. The longer you own, the more sense owning makes. (This is obvious where there's no longer a mortgage and the only costs are taxes and upkeep.) Zillow did a neat post on this, including city guidelines and maps: http://www.zillow.com/blog/research/2012/08/01/rent-vs-buy-what-the-standard-indices-arent-telling-you/ http://www.zillow.com/blog/research/2012/08/01/rent-vs-buy-w...