According to SmartAsset, the Bay Area has three of the top five cities wi the highest price-to-rent ratios in the country. Any ratio above 21 means that renting is generally advantageous. San José has a ratio of 42.2; San Francisco is 37.3 and Oakland stands at 32.
Of course, this is only one indicator and individual circumstances vary such as income, available downpayment, and how long one plans on staying in the home.
Leave a Reply