Better off renting? The new economics for young adults

The math of home ownership simply doesn’t work for some young people. Take a young man we’ll call Neil, for example. He’s a single, 31-year-old journalist in Toronto who makes a middling five-figure salary, rents a cheap apartment in a nice part of town and has $20,000 parked in a bank account. Should Neil buy a house?

Globe and Mail - 2013-04-11