...and you thought Tysons had traffic now.

[Evan]

Its going to be a long time before I buy a house around here. The bottom is going to have to drop out of the market something awful if its going to be soon. As long as rent is still fairly reasonable there's no reason for me to piss away $$ on buying a house.

<!-- m --><a class="postlink" href="http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy_calc.asp?Section=YPTH">http://www.ginniemae.gov/rent_vs_buy/re ... ction=YPTH</a><!-- m -->

What figures are you using here?

I put in what I thought was conservative and ended up with a recommendation to buy.

$550 rent compared to $550k house over 10 years is a savings of $170k if renting. And thats with what looks to be a relatively agressive appreciation rate (current market considering)