Your Take: Is It Better to Rent or Own?

Monday, June 06, 2011

Housing prices have dropped to nine year lows in most major cities according to last weeks' S&P/Case-Shiller home price index. Over 2 million homes are in foreclosure. What do you think? Listener, Monty says: "We're on the verge of buying a house, but now we're really reluctant." Linda says, "I'm 64 years old and I have rented my whole life. If the hot water tank goes out, the landlady takes care of it, if a tree hits the roof, the landlady takes care of it, I like it like that."

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