Re: buy or rent in the bay area??
over time property values go up and so do rents. thats a plus for owing and a big negative for renting. plus interest costs are tax deductable and rent is not. you need to do your own math here. but if you are asking becuase you are afraid to make a commitment thats another forum to post in.
and if a person is good enough to time a market he should be shorting stocks that suffer in a correction rather than buying, as he soon will have so much money it wont matter what he does.
it is always scary after prices have gone up alot. i remember some yers back in the bay area when they all said the same thing as now. and were afraid to buy those 200,000 dollar houses in palo alto as who could afford them. those people are still renting im sure.
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