Real estate site Trulia.com today released its latest Rent vs. Buy Index, which ranks cities based on whether it's more affordable to buy or rent a home, apartment or condo. As you might have guessed (given that housing prices still are falling), it is more affordable to own a two-bedroom home in 72% of America's 50 largest cities, according to the Trulia.com index.
In particular, it is more affordable to buy rather than rent in cities where foreclosure rates are high, such as Miami and Las Vegas (see SLIDE SHOW: The 10 Biggest Foreclosure Markets). However, renting makes more sense in cities such as New York, Seattle and San Francisco.
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Top 10 cities where it's more affordable to rent
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