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If the math were really that simple there would be a massive arbitrage opportunity :). I think there are other variables at play, such as: - down payment: the
by johnrob 18y ago
If the math were really that simple there would be a massive arbitrage opportunity :). I think there are other variables at play, such as:
- down payment: the renter takes the down payment and gets interest on it for N years
- closing costs
- repair costs
- property taxes
- nazgulnarsil 18y agoand you think that difference will exceed $18k a year for 30 years?
- johnrob 18y agoI think your example is more realistic if the numbers are more like 3000/mo to buy and 1500/mo to rent. If rental prices were as close to mortgage rates as 2000/1500, then not only would buying be obvious, it would not even be a much larger financial commitment. The extreme case is when rent equals mortgage.