Interesting reading for those who were involved in the "buying vs. renting" debate we had a while back.
http://www.nytimes.com/2007/04/11/realestate/11leonhardt.html?_r=1&oref=slogin
http://www.nytimes.com/2007/04/11/realestate/11leonhardt.html?_r=1&oref=slogin
Homeownership [...] is a way to achieve the American dream, save on taxes and earn a solid investment return all at the same time.
That’s how it has worked out for much of the last 15 years. But in a stark reversal, it’s now clear that people who chose renting over buying in the last two years made the right move. In much of the country, including large parts of the Northeast, California, Florida and the Southwest, recent home buyers have faced higher monthly costs than renters and have lost money on their investment in the meantime. It’s almost as if they have thrown money away, an insult once reserved for renters.