reporter: now the writer strike had already impacted late-night tv and some daytime programming, but now with the actors on the picket lines, as well, if the strike drags on, films could be delayed indefinitely, and all of the new fall television shows will be on hold, so expect lots of reruns, norah appeared to yeah. we are still live every night. nischelle turner, thank you so much. for generations, owning your own home was part of the american dream. well now with rising interest rates and higher rents, people of all financial backgrounds are asking which is better: renting or owning? intimates money watch, cbs s carter evans takes a look at those going against convention. reporter: 32-year-old matthew richmond makes a good living writing his successful pest control country company in central valley. the american dream. reporter: can afford his passion for fun. reporter: a motorcycle, dirt bike, you can pull it off. i can write the check and buy it. reporter: what he
even know i have to say for yet. reporter: a recent analysis shows a number of high income renters making 150,000 or more, has jumped 82%, and the number of millionaire renter households has tripled. sethi told us he is still a renter. you could buy a home now. i could. and so i love to talk about why i don t. i have run the numbers carefully, living in cities like san francisco, new york, and l.a. and it makes no financial sense for me to buy there. reporter: a new study shows these are the top ten cities where it may be better to rent a van buy, considering current home prices. if matthew richmond bought a home in silicon valley, his house and expenses would double and put the brakes on his fun. you seem to be pretty happy renting. yeah, totally happy. it does not bug me at all. reporter: a richer life realt saying yes to the things you wat to spend money on, and it could be a house, but for many people, it s not.
TRAVERSE CITY — After 32 years with the Traverse City Police Department, Friday officially marked Chief Jeffrey O’Brien’s last day before entering retirement.