I would like to share the following graph with all of you. Lately I have been toying with the argument between renting and buying - more specifically, I firmly believe that for many people (far more than we assume and far closer to the "majority,") renting makes more financial sense than buying.
Until I work out a more substantial argument, I wanted to encourage everyone to visit the following link. It's an interactive graph that The New York Times put together, and is far more succinct than I could ever muster in a single post.
So, for you:
http://www.nytimes.com/interactive/business/buy-rent-calculator.html
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