News release: “Though Congress leaves for its August recess this week, one of the items sure to be on the agenda when it returns is how to deal with the continuing collapse of the nation’s housing market. A new study from the Center for Economic and Policy Research (CEPR) examining housing costs shows that market rents are far below ownership costs in many parts of the nation. The paper, The Gains from Right to Rent, Dean Baker and Hye Jin Rho – July 2009, analyzes the costs of renting versus owning a house in several major cities and finds that the Fair Market Rents in these metropolitan areas is often much lower than the cost of ownership.”