3 ms·
That is an obvious statement, and yet it has never occurred to me. I now (finally) understand why renting is generally a better decision than buying.
by christophilus 9y ago
That is an obvious statement, and yet it has never occurred to me. I now (finally) understand why renting is generally a better decision than buying.
- sbenitoj 9y agoGlad to hear it helps! The NYT has a good “buy vs rent calculator” that’s worth checking out: https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?_r=0 https://www.nytimes.com/interactive/2014/upshot/buy-rent-cal... Even though the calculator is useful, it’s important to have a really good understanding of why housing is so much more expensive today (as a percentage of avg annual income) than it was 50-60 years ago. For that I recommend a short, but extremely useful book, The Housing Trap: https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?_r=0 https://www.nytimes.com/interactive/2014/upshot/buy-rent-cal...