Is it cheaper to buy or to rent?

Now, here's that cute house I mentioned earlier this week.

 This house is $106,900. It's in a quiet little neighborhood, you could be in Five Points/HiMount. The houses this size in the neighborhood quickly rent for $900/month. 
If you owned the home as your personal residence, it wouldn't cost you $900 though. It would only be
$715 to own.  Plus holding some reserve for repairs (though the roof is under 2 years old and the HVAC works great) - but it should still be LESS TO OWN THAN RENT.

And this is where we find ourselves in the "great time to buy" spectrum.  We are truly finding homes that often are used as rental property being cheaper to own.  There is no "pride of ownership" or "do what I want" premium.

There's only cold hard cash left in your pocket.  And a 30 year loan at 4%.