text: The general rent-versus-buy argument seems to be a dumb paradigm over which to argue (in terms of wealth creation). The decisive determination ought to be one of fully pricing a housing asset in relationship to the expected pricing of rents over the same period that one owns the asset. In some circumstances (i.e. GTA in 1994), it proves profitable to own; in others, like the current recently deflated mania, it will prove otherwise.