san diego: San Diego is cheaper to buy than rent!
- 08/16/11 05:24 PM
San Diego scores a 15 on Trulia’s Rent vs. Buy Index for the latest quarter of 2011. San Diego is cheaper to buy than rent! The index tracks whether buying a home or renting is less expensive in America’s 50 largest U.S. cities by population. The price-to-rent ratio for the 50 largest U.S. cities was calculated using the median list price compared with the median rent on two-bedroom apartments, condominiums and townhomes listed on Trulia.com. The costs of homeownership used included PITI (principal and interest, taxes, insurance) plus closing costs, HOA dues and PMI (private mortgage insurance). Also included was (3 comments)