In many markets, renting a home or apartment is a savvier financial move than buying, since prices can still go way down.
What about San Diego?
Watch the video to see Carmen Wong Ulrich on Wednesday’s TODAY show explain when — and where — renting makes more sense than buying, and find out more about Carmen’s “Rule of 15.”
Then read my examples in Part 2 of Rule of 15 for Home Buyers to see how the Center for Economic and Policy Research’s report on ownership vs. rental costs in 100 metropolitan areas makes San Diego one of the best buys in all of Southern California.
