Why The Rich Are Renting

Forbes reports:

Consider the situation in Chicago, which looked like a better deal for buyers than it did for renters several months ago. On average, buying a place in the city's tony Gold Coast neighborhood last April would have cost roughly 11 to 12 times the amount you'd spend annually to rent the same or similar property. Now it would cost you more than 20 times the annual rent for equivalent digs.

An article well worth your time.