If you own a home in a high-cost-of-living city, it can be depressing to think about how much more house you could afford in a less expensive area. Your out-of-town friends and relatives might even think you're crazy for spending so much.

Dr. John Hussman of Hussmand Funds is one of the few who saw the crisis coming, and successfully took actions to avoid losses. We have just added him into our List of Gurus. John Hussman owns 132 stocks with a total value of $3.5 billion. These are the details of the buys and sells during the third quarter. John Hussman buys WalMart Stores Inc., Panera Bread Company, Network Appliance Inc., ...

Find out why moving to a less expensive city may not reduce your expenses.