Apologies to Ms. Beard for posting the whole article, but hey, if your math wasn't deceptive I wouldn't be forced to do this.
clipped from www.azcentral.com
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The percentages cited for other cities use a middle-cost scenario, while the Phoenix range of costs for owning is the low-cost and high-cost scenarios. So even if you knew better, you'd need to read the article to find the apples-to-apples comparison, which is this: the cost of ownership in Phoenix exceeds the cost of renting by 78%.
That's what those percentages mean, by the way: the article drops some critical words -- it should be "...when ownership costs exceed rental costs by 50 percent or more, it indicates a bubble."
Oh, and that "47 to 64 percent"? That's dividing the cost of renting by the (low and high scenario) cost of owning, which isn't directly comparable to any of the other results. Also, since that result isn't particularly meaningful, it's NOT in the original report, as opposed to all the other numbers in the article.
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