The financial allure of renting; How the real estate industry silences the voice of one third of Americans; Homeownership back to 1998 levels

``To these people I would say why not use the money you would save from renting and send your kids to a private school? The propaganda from the real estate industry has screwed up the psychology of many and it still lingers in California even after the housing bubble has imploded. If you can afford the payment then go for it. Don’t spend more than one-third of your net income on your home payment. If you can’t swing that, then you can’t afford it.''