Recently my daughter, a renter, was talking about finding a larger place.  When she gave me her budget, I thought, Holy Cow!  She can buy a house for that amount and possibly a little less.  With the dip in home prices and foreclosures, buying only makes sense.

Trulia recently reported that buying a home has become more affordable than renting in nearly four out of five cities. 

TRULIA REVEALS TREND TOWARDS HOMEOWNERSHIP WHERE AFFORDABILITY TO BUY VERSUS RENT EXTENDS TO ALMOST FOUR IN FIVE MAJOR U.S. CITIES

 SAN FRANCISCO, April 28, 2011 – Trulia today released its Q2 2011 Rent vs. Buy Index, which compares the cost of buying and renting a two-bedroom apartment, condominium or townhouse in the 50 largest[1] U.S. cities. Since last quarter, buying a home has become more affordable than renting in nearly four out of five (80 percent) major cities; only in New York, Fort Worth and Kansas City was renting a less costly option than buying.

Read the article here: