Saturday, February 19, 2011

Better to Rent or Buy?

The link below is to a great interactive chart available through the New York Times. It asks you to fill in a couple of numbers (e.g., current rent, target home price) and shows a 30 year graph that points out when and if there is a break even and eventual advantage over time of your choice. Make sure to use the slide bars to adjust the annual home appreciation off of 1% to at least the state average of 6%.

http://www.nytimes.com/interactive/business/buy-rent-calculator.html

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