There is a connection between prices and rents that can be warped temporarily and be permanently different in certain locales. However if you look at the table in the link below, the price-to-rent ratio clusters around the median for most places.
In the US currently it's slightly more favorable to be a renter than a buyer compared to the historical price-to-rent ratio. If anything most of the deviations from the norm are towards making buying more expensive than renting.
In the US currently it's slightly more favorable to be a renter than a buyer compared to the historical price-to-rent ratio. If anything most of the deviations from the norm are towards making buying more expensive than renting.
https://smartasset.com/mortgage/price-to-rent-ratio-in-us-ci...