Real estate Web site Trulia.com launched a Rent vs. Buy Index for 50 major cities Thursday.

The index compares the costs of buying a two-bedroom condo with the costs of renting one, including insurance, homeowner fees, taxes and mortgage insurance. The results can be extrapolated to other classes of homes, including larger single-family houses.

The index also reflects price stability – rents are usually more stable than sale prices, Trulia said. None of the intangibles are considered.

Here are the 10 cities where Trulia considers it better to buy than rent:
· Minneapolis
· Arlington, Texas
· Miami
· Fresno, Calif.
· San Antonio
· Mesa, Ariz.
· Jacksonville, Fla.
· Phoenix
· El Paso, Texas
· Las Vegas

Here are the 10 cities where Trulia thinks it is better to rent:
· New York
· Omaha, Neb.
· Seattle
· Portland, Ore.
· San Francisco
· Oklahoma City
· Kansas City, Mo.
· San Diego
· Cleveland
· Dallas

Source: Trulia.com (06/03/2010)