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Here is a rent v. buy calculator: http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html http://www.nytimes.com/interactive/2014/upshot/buy-re

Here is a rent v. buy calculator: http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html http://www.nytimes.com/interactive/2014/upshot/buy-rent-calc... Unfortunately, if you play around with it, you will see that future appreciation is one of the most sensitive variables in the equation. My guess is that housing will decline in price, potentially quite seriously, but no one has a crystal ball. I own right now, but I would not buy right now. If it were convenient, I would sell.

mablap 10y ago
Where I live, it's a buyer's market. We have plenty of choice. I can live with not making money on my investment, or even losing a bit, as long as it means losing less than I'd have lost renting. EDIT: Wow. I have just used the NYT's calculator with numbers to the best of my knowledge (assuming 0% house price growth). Per them, I should rent. I'm paying $840 in mortgage plus about $180-200 in utilities etc. Their estimate is that I should rent if I can rent a house for less than $1800 a month. That's definitely possible here. Way to make me rethink my investment! If I assume a 3% growth in house prices, I should definitely buy, by a 300$ margin.