08-18-2012, 09:06 AM
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Choice is an Illusion
Industry Role:
Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
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Don't buy a home in these seven markets
Quote:
1. San Diego, California
Breakeven horizon: 3.6 years
Price-to-rent ratio: 14.0
Median list price: $369,000
Median rent price: $1,750
2. Seattle, Washington
Breakeven horizon: 4.0 years
Price-to-rent ratio: 13.4
Median list price: $290,000
Median rent price: $1,270
3. Boston, Massachusetts
Breakeven horizon: 4.3 years
Price-to-rent ratio: 13.4
Median list price: $347,900
Median rent price: $2,000
4. Los Angeles, California
Breakeven horizon: 4.3 years
Price-to-rent ratio: 14.2
Median list price: $399,000
Median rent price: $1,850
5. New York, New York
Breakeven horizon: 5.1 years
Price-to-rent ratio: 12.8
Median list price: $389,000
Median rent price: $2,600
6. San Francisco, California
Breakeven horizon: 5.9 years
Price-to-rent ratio: 16.0
Median list price: $519,000
Median rent price: $1,960
7. San Jose, California
Breakeven horizon: 8.3 years
Price-to-rent ratio: 18.9
Median list price: $590,000
Median rent price: $2,050
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FULL ARTICLE
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Enough Said. 
"Would you rather live like a king for a year or like a prince forever?"
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