MONEY-SAVING MOMENT:
Business Week has compiled a list of cities where it is cheaper to own a home than to rent.
This is a major reversal from historical precedent. In the past, you had to own for a long time before it was considered a better decision -- from a strictly dollars and cents perspective -- than renting.
But because of the housing slump, below is a list of the markets where the opposite is now true.
1. Detroit
2. Pittsburgh
3. Rochester, N.Y.
4. Memphis
5. Tampa
6. Cleveland, Tenn.
7. Dayton, Ohio
8. Columbia, S.C.
9. Orlando
10. Dallas-Ft. Worth
