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This would be better if it included a slider for what yearly investment return you would expect for assets not in a house. If I don't spend my down-payment on a
by dynm 5y ago
This would be better if it included a slider for what yearly investment return you would expect for assets not in a house. If I don't spend my down-payment on a house, I'll put it in the stock-market or something. Those gains are typically a huge part of the calculation when considering to rent vs. buy. I might be mistaken, but as far as I can tell that isn't reflected here.
- alach11 5y agoI tried to account for that with the rate of return number in the results. You can compare rate of return to your expected returns in the stock market.
- dynm 5y agoOh, great, I misinterpreted that! (I thought it was the return on investment in the house, not your non-house portfolio.) A slider would still be nice. I've attempted calculations like this in the past, and I was surprised how much the choice ended up depending on the difference between the assumed investment rate vs. house rate.