While the Times is more eloquent, the Chronicle is obviously closer to home. Another testimonial for renting over buying in the Bay Area:

After 15 years as a homeowner in the Bay Area, I’ve cashed out and taken advantage of a bizarre situation: Homes that sell for a fortune are available to rent for as little as $1,500 a month, less than half the cost of ownership, even after factoring in the tax benefits from the federal mortgage-interest deduction.

(We missed this piece when it originally ran, but luckily we keep tabs on The Houising Bubble 2)
Why own when you can rent? [Chronicle]