The NYT calculator for this is pretty great and is a more substantive way to evaluate the decision than this article for your specific circumstances. https://w

The NYT calculator for this is pretty great and is a more substantive way to evaluate the decision than this article for your specific circumstances. https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html https://www.nytimes.com/interactive/2014/upshot/buy-rent-cal... I do think the cliche about "throwing away money" on rent is wrong and ignores how much of what you pay for a house is for things like interest, insurance, repairs, maintence, property taxes, etc -- but for me home ownership made sense, mostly due to expected length of stay in the home. There are also benefits, of course, that aren't dollars, to either renting or buying. For example, a homeowner may like additional freedom to change the flooring.