Did anyone else see Is It Better to Buy or Rent? on nytimes.com a few days ago? I thought it was quite impressive. I’m not purchasing real estate anytime soon, but I pay more attention than I’d care to admit to rent and real estate. I found this graph helpful for thinking about real estate as a long term investment.
I like how the graph answers the basic question quickly. Just plug in your rent and the price of what you’d like to buy and it does the rest. The graph is customizable, of course, so you can fiddle around with a 20% down payment or different property tax rates if you like, but the graph is informative with a minimal amount of input from me.
Yeah, that’s what I thought.
This post is in no way an endorsement of the Times Real Estate section, which can go to hell.
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