reporter: in the san francisco and san jose metropolitan areas, tucker says in the short-term, renting will be the cheaper option substantially. long-term it s tough to speculate. right now the mortgage payment for first-time home buyer buying the typical home in that region is that monthly mortgage payment is going to be up around $8,000 or $9,000 while monthly rent in the two regions is somewhere around 3200 to 3300 dollars. not only you pay mortgage for the homes but they re costing you more to carry the mortgage round on a kind of monthly basis. reporter: jordan levine, the vp and chief economist for the california association of realtors agrees people will save money in the short-term right now by renting. however, he says they might not save as much as they think in the long run and could lose out on wealth accumulation if they choose to rent. when you get five, six, ten years down the road in a rental, it hasn t done anything to your net worth, even if you