brian's blog

From the NY Times, Is It Better to Buy or Rent?:

For new home buyers, prices in New York would need to rise roughly another 13 percent over the next five years for the average buyer to do better than the average renter over that span. In Northern California, where the gap between house prices and rents is largest, home values would need to go up about 19 percent by 2010.

I've been hoping to buy a house sometime within the next five years, but maybe it's not such a good idea after all. (Then again, 13 to 19 percent over five years doesn't seem like too unreasonable unless the market really tanks.)