better to rent than to own

Thinkstock7. San Jose, California

Breakeven horizon: 8.3 years
Price-to-rent ratio: 18.9
Median list price: $590,000
Median rent price: $2,050

$2.050.  a month for rent?  And that is the medium price? 

I live in a small house, maybe 1300 sq feet which I paid $89,000.00 for and my house payment is less than I paid for a 680 sq foot duplex (less taxes).  In order to pay $2,050 a month rent I would have had to work 2 full time jobs and walk between them.  I'm glad I live in North Carolina.