The Wall Street Jounal has an article about renters gloating about weak home prices.
If you plan to live in an area for several years or more, it’s silly not to buy a home.
The article talks about one guy who talks his friend into selling his home and renting. The friend bought in San Diego in 2003 and sold for a gain of $250,000.
The anti-buying guy, however, missed out entirely while renting. He was “too clever by half” as the English say.