Yes, rents may be skyrocketing. But there are several cities where it will make much more financial sense for renters to stay renting instead of buying.
According to CBS News, San Francisco is one of those cities, where the average percent of income needed to buy is 139.3 percent, while the average percent of income needed to rent is 48.4 percent.
Other cities that made the list are Seattle, Suffolk County, N.Y., Denver, and Washington, D.C.
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