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re: Renting vs owning
Posted on 4/7/13 at 11:34 am to Siderophore
Posted on 4/7/13 at 11:34 am to Siderophore
quote:
Am I missing something?
If you are just coming across this insight/meme, I'd say that you may have missed the last 6 years somehow, especially this message board in 2008.
Anyhoo, the best resource I've ever come across for this topic is this little interactive webpage on buying vs. renting, courtesy of The New York Times.
The best rule of thumb I've come across is just to look at the ratio of home prices to monthly home rental rates for the particular location where you happen to be. If that ratio gets too high, don't buy.
I assume of course that you are referring to personal residential decisions. If you are instead referring to owning versus leasing Learjet aircraft, then please disregard all that is written above.
Posted on 4/7/13 at 11:39 am to Doc Fenton
I just bought my first house.
2100sq ft, 3br for $155. Mortgage with taxes/insurance is around $870 a month. 0 down with a VA loan.
It would cost rent to rent.
2100sq ft, 3br for $155. Mortgage with taxes/insurance is around $870 a month. 0 down with a VA loan.
It would cost rent to rent.
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