You should rent, not buy, in the Milwaukee area

That’s the news according to the New York Times. At a rent ratio of 21.4, that means it’s more prudent to hold off on a new mortgage.

The link, and the second link to the original story, are interesting reading if you’ve been thinking about buying your first place.

Sadly, I think it also means home prices will still fall around here until the ratio moves more towards the national mean of 15.


  1. Ugh. 🙁 Trying to find the silver lining in this story. We bought in 2003 – haven’t lost $ on the house value but the little we gained doesn’t cover the work we’ve done and still need to do. Well, I guess everything has to readjust itself.