3 ms·
It's not simple, it's a calculation to do but at the end of the day the calculation gives you a number of years you need to live in your house to make buying wo
by eloisant 5y ago
It's not simple, it's a calculation to do but at the end of the day the calculation gives you a number of years you need to live in your house to make buying worthwhile.
If you sell your house 2 years after buying it, unless the prices really skyrocketted during that time you should have rented instead.
If you stay 30 years in your house however it's financially much better to buy rather than renting.
Of course there are non-financial aspects (freedom of modification for homeowner, easier to move out for renters) but the financial equation boils down to how long you stay in the same house. Exactly where is the cut-off depends where and when you live.