Actual Comparison of Rent Vs. Buy

by staff on March 20, 2014

Buy Vs Rent

Go ahead and give it a try.  The NY Times has published a fairly sophisticated calculator so that you can compare the total costs of renting vs. buying over a number of years.   Unlike other calculators, this one takes into account whether home values will rise or fall, what is the cost of missed opportunities, and the actual expenses of moving.

You can test it out HERE.

Indications are that after 5 years, it’s better to have purchased.  But that doesn’t take into account issues like health changes, job changes, and other lifestyle changes that can influence the decision of whether to rent or buy.   Still…. it’s fun to try.

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