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What's the likelihood your rent in, say, five years will still be less than your mortgage would be now? Your mortgage payments won't appreciably increase. In hi
by obelos 10y ago
What's the likelihood your rent in, say, five years will still be less than your mortgage would be now? Your mortgage payments won't appreciably increase. In high demand areas, though, rents will.
- hx87 10y agoIf renting is cheaper than buying right now, a better question is whether rent will increase faster over the next five years than an index fund portfolio funded with the difference.
- cloudjacker 10y agoThere are calculators for this, NY Times and Washington Post have them. Your anecdotes can be played around with variables on their data visualizations. The break even point is typically 11 years in NYC and SF. Find and play around with the calculators yourself.