Who says renting is throwing away money? According to this Forbes magazine article, the five best cities where it is better to rent are:
1. Orlando, FL 2. Miami, FL Denver, CO Milwaukee, WI (three-way tie) 3. Tucson, AZ
And the five worst places to rent:
1. Cleveland, OH 2. Boston, MA 3. Kansas City, MO 4. New York City, NY 5. New Haven, CT
Three factors were considered when compiling the data: - Annual change in monthly rent. - Percent increase of new rental construction in 2008. - Percent difference between the area's average monthly rental payment and the average monthly mortgage payment.