Is Renting Cheaper Than Buying?

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A sample of cities in America and the U.K. shows that in many cases, renting is cheaper than buying

A sample of cities in America and the U.K. shows that in many cases, renting is cheaper than buying because house prices have risen so sharply. Corbis hide caption

itoggle caption Corbis

Michele Norris talks with Pam Woodall, economics editor of the Economist magazine, about the housing market. The magazine conducted a survey of costs associated with renting and buying in the U.S. and in the U.K., and argues that in some cases, home ownership does not trump renting.

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