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Rent vs. Buy: Not A Slam Dunk

This post by Jill Schlesinger originally appeared on CBS'

As mortgage rates drop to the lowest level this year (and pretty close to historic lows), you may be thinking that you absolutely, positively must buy something NOW.

I'm a big proponent of buying a home when the time is right in your life, but sometimes, renting still makes sense. Check out this conversation from NYC's newest and coolest urban planning project, the Highline.


Jill Schlesinger is the Editor-at-Large for CBS Prior to the launch of MoneyWatch, she was the Chief Investment Officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.