DIYbanter - View Single Post

In misc.consumers.house wrote:

If you are at all numerically inclined, I encourage you not to take any
of our words about it, and run the numbers yourself.

There's tons of rent vs buy calculators out there. Why not use one of them?
The time you plan to stay in your "investment" also plays a large part. A
house being an investment is an urban legend. I've found that people would
rather fool themselves that buying a home is an investment, than do the
numbers.

Well I never was able to find one that took everything I wanted into
account. So I worked up my own. However I imagine that many are close
enough for government work, and would probably do for the OP unless he's
as...'detail oriented' as I am. Your suggestion is good.

There is certain value in working up the numbers for yourself though, as
it leads (imo) to a more complete understanding of how everything fits
together.

Plus this situation isnt quite a buy vs. rent, though it could probably
be fit into one by some creative use of the forms.