I always assumed this, but I never thought it was so drastic in SF. The numbers in Baltimore and DC were surprising as well.
Renting a Home is Cheaper than Buying it Although owning a home is the middle-class dream, it's probably cheaper to rent than to own a home in major California cities, even with the recent decline in the housing market.
That's the conclusion of a new study on differentials between ownership and rental costs in 20 American cities -- including Los Angeles, Sacramento, San Diego and San Francisco -- that found ownership to be comparable to renting in just one, Houston. And that's true, the study found, even when the equity gains from home ownership are placed into the equation.
The full report can be found
Here. (PDF)