California Renters Save $3,200 Monthly Over Homeowners—But Is It Really That Simple?
I've created three comprehensive visualizations showing how the rent vs. buy comparison has changed in San Diego over the past 25 years. Here's what each plot reveals: Plot 1: Historical Analysis (2000-2025) This 4-panel visualization shows: Home prices skyrocketed from $235K (2000) to $1.02M (2025) - a 334% increase Rents increased from $1,200 to $2,291 monthly - only a 91% increase Mortgage rates varied dramatically: 8.05% (2000) → 3.11% (2020 low) → 6.25% (2025) Monthly costs diverged sharply: In 2025, ownership costs $6,969/month vs. $2,291 rent Renter advantage grew from $678/month (2000) to $4,678/month (2025) Plot 2: Cumulative Savings Analysis This shows: Ownership cost ratio : Now 3.0x - meaning buying costs three times what renting costs Cohort analysis : Someone who chose to rent instead of buy in 2020 has saved over $200K in just 5 years Trajectory divergence : The gap has accelerated dramatically since 2020 Plot 3: 20-Year Forward Projection This forec...