An analysis by The New York Times finds that in the country’s most expensive places, including New York, the San Francisco Bay Area and Los Angeles, buying a home again looks like a perilous investment, based on the relationship between their prices and rents or incomes. And in a longer list of areas, including Boston, Miami and Washington, prices have risen enough that buying is no longer the bargain it looked to be a few years ago.
Rent or Buy? The Math Is Changing
About Tom Leykis
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the average price of a detached home in Vancouver, BC, Canada is (CAN)1.36 million, which is about (US)1.28 million. that’s pretty fucked up isn’t it. for even the biggest piece of crap SFH in town, one will pay at least 500k.