Seth Jayson is a D.C. local "Fool" whose column always makes me smile:
It's still a bit of New York Times naivete, brimming with statements like this one: "Most striking, perhaps, is the fact that prices may not yet have fallen far enough for buying to look better than renting today ..."
How is that striking? Home prices have gone through an unprecedented bubble. Rents have not. Unless housing prices tumble very quickly, it will be years before buying is smarter than renting, especially in a bizarre market like the one around Washington D.C., where a run-down, 700-square-foot, 1950s crackerbox goes for $450,000.