An article from the Denver Business Journal, reports that a recent national study that compares the current costs and future returns of owned and rented homes paints a bleak picture for homeowners in U.S. markets with housing bubbles, including metro Denver.  The study is called "The Cost of Maintaining Home Ownership in the Current Crisis: Comparisons in 20 Cities" and it states that homeownership in bubble-inflated markets remains "a costly and risky proposition," and that "most homeowners will leave their homes with large amounts of negative equity."  Two local housing analysts and an economist disagree and think the scenario isn't that bad for the Denver area.  Economist Patty Silverstein, president of Littleton-based Development Research Partners Inc. said, "If the basic premise of the study is that we need to pay attention to renters, I absolutely agree. ... But I don't agree that [the homeownership situation] is as dire as they suggest."  In the metro Denver area, the report shows a 66% gap between the $1,454 midrange monthly cost of owning a house and $876 average monthly rental costs.
http://www.bizjournals.com/denver/stories/2008/05/19/story13.html?b=1211169600^1636781

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