Rising interest rates / housing market scares me

[SoCal11053]

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If you need a place to live, why not rent? Price/rent ratios are at historic lows. Not only do you avert the risk of a major housing collapse and the burden of onerous mortgage payments, you'll also get to pocket an extra $1000-$1500/month in savings.

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I'll add to this the property taxes and HOA fees you'll avoid by renting as well - not to mention maintainence expenses.

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This is basically the bottom line, if you can rent far cheaper than what it costs to own then it has to be better to rent. Where that threshold happens to be is open to debate but there certainly is a threshold.

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