I think it also comes down to life style as well. Are most people who are doing these comparisons single? I for one could not live in a small condo down town. I all ready own a condo and have out grown it for my needs so it is now a rental. Being engaged and married in august with 2 dogs and child ( or possibly 2) in the next 5 years I would need a house regardless. So isn't it better to just buy the house now while prices were at their lowest since the boom and settle into a house that I love and can make improvements and changes to rather then live in a smaller condo down town. Sure I would save 80 bucks a month on my bus pass but I really enjoy sitting on my deck bbqing while my dogs play with eachother in the back yard.
again though I may be an exception to the standard.
And Shazam I was not trying to gloat I was implying why I may be biased on the issue
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