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Even with a 13% increase you are probably still better off renting if you are in a VHCOL area. I'm in the bay area and at this point my rent could go up 100% and I would still rent. My rent is 3900$/month. The value of my townhouse is 1.9m$. (Palo Alto area). It would make zero sense to buy even if the rent was 8k$/month

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Yeah tough decision for me. My rent is $4500. Equivalent townhouse is now being advertised at $5300. I can easily see this go up to 6000-7000 in 3-4 years. If I lock in a condo at the same price ($6000-$7000) right now, provided no housing or economic crash, I'll be in a much better position down the line.

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