Buying versus renting

Following a worldwide collapse of housing prices and mortgage-based securities, it may no longer be necessary to point out that it’s not always better to buy a home than to rent. But for a refresher on the reasons, check out this recent post by Seth Godin.

I posted about this issue a couple of years ago (What should I pay for that condo?) and just noticed that the New York Times has updated its handy renting-vs.-buying calculator.