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Salason
♥
Member since 6/05 9878 total posts
Name:
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Buying vs Renting
Thought this was a cool calculator (the only thing it doesnt seem to be accounting for is the tax deductibility of mortgage interest)
NYT Rent vs Buy
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Posted 4/21/10 10:12 AM  |
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Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
Melmel821
Love being a mom!
Member since 5/08 2776 total posts
Name:
Melanie
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Re: Buying vs Renting
If you adjust the tax rate, it always seems better to rent.
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| Posted 4/22/10 7:37 PM |
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jps
LIF Toddler
Member since 11/09 435 total posts
Name:
Jennifer
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Re: Buying vs Renting
wow that scares me! we pay city rent and I thought it would definitely be "better" to buy but for the numbers I plugged in it told me it would be better to buy after 19 years?! I must be off on my numbers haha 
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| Posted 4/22/10 9:00 PM |
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CAMCaps
Live Laugh Love Run
Member since 6/07 4922 total posts
Name:
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Re: Buying vs Renting
Posted by jps
wow that scares me! we pay city rent and I thought it would definitely be "better" to buy but for the numbers I plugged in it told me it would be better to buy after 19 years?! I must be off on my numbers haha
Mine was worse. It said even after 30 years, it would be better to rent. We do not even own an expensive home, but then again our rent was pretty inexpensive.
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| Posted 4/22/10 9:16 PM |
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