A real estate report found that there are only four cities in the U.S. where it makes more sense for residents to rent rather than buy. The foreclosure crisis has made it more practical to buy rather than rent in 72% of America's 50 largest cities.
The report was prepared by the website Trulia. The four expensive cities to purchase a home, in order, are NYC, Seattle and Kansas City, MO and San Francisco tied for third place.
"Trulia's study - which only took into consideration two-bedroom apartments, condominiums and townhouses - used a price-to-rent ratio to calculate its rankings.
Cities with a ratio of 21 or higher were deemed cheaper to rent than to buy.
The study found that San Francisco, with an estimated median home price of $763,000 and an annual rent cost of about $36,000, came in with a price-to-rent ratio of 21, as did Kansas City, Mo. Not surprisingly, New York had the most-expensive real estate and a price-to-rent ratio of 31."
FULL STORY: It’s still rent over buy in San Francisco
Top 5 US Cities for Office-to-Residential Conversions
As more and more cities look to adapt vacant office buildings into homes, a new analysis from Urban Institute says some cities will benefit more than others.
2020 Population Growth Rates for the 50 Biggest U.S. Cities
The Census Bureau released new data on May 27 that includes the first four months of the pandemic. Seattle tops the growth rate at 2.2% from July 1, 2019, to July 1, 2020, while Baltimore and San Francisco land at the bottom with -1.4%.
A Bipartisan Case for Mass Timber—Combating Wildfires and Developing Local Economies
What’s good for our forests and planet can also be good for our jobs, communities, and the economy. That’s why we’re writing this together—an ex-Democratic political operative and an ex-Republican staff member who want to see mass timber flourish.
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
In Urban Planning, AI Prompting Could be the New Design Thinking
Creativity has long been key to great urban design. What if we see AI as our new creative partner?
Cal Fire Chatbot Fails to Answer Basic Questions
An AI chatbot designed to provide information about wildfires can’t answer questions about evacuation orders, among other problems.
What Happens if Trump Kills Section 8?
The Trump admin aims to slash federal rental aid by nearly half and shift distribution to states. Experts warn this could spike homelessness and destabilize communities nationwide.
Sean Duffy Targets Rainbow Crosswalks in Road Safety Efforts
Despite evidence that colorful crosswalks actually improve intersection safety — and the lack of almost any crosswalks at all on the nation’s most dangerous arterial roads — U.S. Transportation Secretary Duffy is calling on states to remove them.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Appalachian Highlands Housing Partners
Gallatin County Department of Planning & Community Development
Heyer Gruel & Associates PA
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie