It used to be an iron law of personal finance that owning a home was the surest way to build lasting wealth. Then along came the financial crisis and the Great Recession, and, if we learned nothing else, we saw that home prices don't rise indefinitely, and can in fact be so wildly inflated that there's no prospect of ever getting back your purchase price. Looking back, if you lived in Las Vegas in 2007, it would have made a lot more sense to ignore that zero-down, all-interest mortgage offer for $1,000,000 and just keep renting a $1,500 condo on the Strip.
So now that the crisis is over, we should be snapping up houses again, right? Wrong. Some real estate markets remain so overheated or unbalanced that it still might make sense to keep on renting. And this infographic by Sha Hwang of WeePlaces, for Trulia, shows exactly where.
To read the full, original article click on this link: Infographic of the Day: Does Buying a House Make Any Sense? | Co.Design
Author: Cliff Kuang
