Wednesday, May 11, 2011
Is it better to buy or to rent? Here's what the New York Times says.
Follow this link to the most comprehensive analysis of the difference in costs between buying and renting that I have seen. The numbers they use are a little naive, but you can fill in your own. Bottom line, if you're staying put longer than six years (and who can stand a move more often than that?) it's less expensive to buy. http://www.nytimes.com/interactive/business/buy-rent-calculator.html?nl=todaysheadlines&emc=thab1