Financial crisis, let's go buy a house! Or not?

With the current high foreclosure rates and tumbling home prices, you might think now is the time to buy yourself a nice home in the USA , well think again. According to online real estate search engine Trulia and their Rent vs. Buy Index, the choice between renting or buying a house depends on the city you'll be wanting to live in. This index compares the costs of purchasing a two-bedroom property with the costs of renting one across the 50 largiest cities in America. As a first rule of thumb, consider that it is better to rent if the home price is 15 times higher than the annual rent for a similar property. (CNNMoney.com)

Laurens Helewaut