Should I buy or should I rent? And should the feds help?

·By Chad Blair

Hawaii is the least affordable state in the nation for renters, the National Low Income Housing Coalition reported April 21. But a New York Times analysis published the same day said that in cities like Honolulu it makes more financial sense to rent a home rather than buy one.

The Times ranked Honolulu second on a list of metro areas having a high rent ratio, which is the cost of buying a house divided by the annual rent of a comparable property. That comes as some comfort to a guy like

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Chad Blair

Chad Blair is a reporter for Civil Beat. You can reach him by email at cblair@civilbeat.com or follow him on Twitter at @chadblairCB.
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