Are agents not supposed to use rental prices for determining home prices?I am having a rough time understanding the prices of homes in Cupertino, CA.Over the last six months I have monitored both listing prices and rental prices. Here is the current snapshot:Rental Price/Month (2000 - 2500 sq. ft single family home): $4000 - $4300.Listing Prices: $1,350,000 - $1,500,000.Just the property taxes on the home would be $15K - $20K per year.Please explain why it makes sense to buy a home in this market. I am particularly interested in an agent who specializes in this area to opine on this topic. (The Rent vs Buy calculators indicate it is always good to rent - even after 30 years with a 4.5% interest rate and 2*appreciation over rental price increase.January 09 2011 - Cupertino1YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.