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Posted on: Tue, 10/21/2008 - 18:42

I have just moved to San Diego, CA from Atlanta, GA and while the real estate markets reflect drastically different valuation propositions, I am intrigued with the buy vs. lease question.  San Diego's rental market offers as many attractive opportunities as its "for sale" market - but it allows a buyer to enjoy a more comparable, attractive home to what was available in Atlanta.  On the other hand, if there was ever a time to buy in San Diego, wouldn't it be over the next 6 - 12 months?  Also, when factoring in the ancillary costs of ownership (ie., financing, closing costs, other services needed to improve a home), its probably a pretty good time to buy given the recessionary market conditions.

 I would be very interested in others weighing in on this question.  You can assume that I have some ability to buy / finance a home but not one as nice as I can comfortably rent in very nice parts of San Diego.

 

Western Bound 


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Posted on: Tue, 01/06/2009 - 00:58 #1
Here is a good resource, where you can see a Rent vs. Buy comparison chart. This should help you.

http://www.ginniemae.gov/rent_vs_buy/Rent_vs_buy.asp?subTitle=YPTH
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Posted on: Tue, 10/28/2008 - 19:41 #2
In general, renting is a temporary solution to housing.  You are giving money to someone else for their long-term benefit.  If you buy, you get this benefit.  It is a great time to be a buyer.
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