We're suckers for cool information graphics — visual tools that break down complex ideas into more-easily digestible nuggets of information. The New York Times features some of the best, including an update to their Is it Better to Buy or Rent? interactive graphic. The tool allows you to enter a number of variables and weigh the options...
The graphic is accompanied by a story by David Leonhardt. A long-time "evangelist for renting," he's decided to buy and talks through his reasoning. Check it out: As Home Prices Drop Low Enough, a Committed Renter Decides to Buy.
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That estimator has been around for a while on NYT. According to it, we still need prices to come down 40% more before we buy here in Davis. It also explains why so many high-tail it out of here after graduation.