According to MSN, there are 66 cities where it makes sense to buy a home in right now, and 34 cities where it might be better to rent. Of course, it’s all speculation, especially in the local markets I am familiar with, and they don’t take into account some important aspects of home ownership, like the tax breaks and simple pride of ownership.
Personally, I wouldn’t want to rent again, unless I was transient or uncertain of my ability to pay my mortgage.
Four of the top five cities (McAllen, San Antonio, Houston and Dallas) are in Texas.
Texas has (relatively) low home prices and something elase that people need to consider heavily- great sports franchises- these are two of the most important factors when considering where to buy. If you pay less for a great home and have great sports team to watch live- things will work out.
Plus, great sports teams usually means great sports bars, and really, isn’t that the most important factor in making a great city?
Maybe, or maybe not, but I think we can all agree on at least one thing- the Colts will win the Superbowl this year- go Colts!