Is It Better to Rent or Buy? A Financial Calculator.
7 months, 1 week ago

Is It Better to Rent or Buy? A Financial Calculator.

New York Times  

Additional Renting Costs These are the costs on top of rent, such as the fee you pay to a broker and the opportunity cost on your security deposit. Net proceeds is the amount of money you receive from the sale of your home minus the closing costs, which includes the broker’s commission and other fees, the remaining principal balance that you pay to your mortgage bank and any tax you have to pay on profit that exceeds your capital gains exclusion. Renting Initial costs include the rent security deposit and, if applicable, the broker’s fee. Recurring costs include the monthly rent and the cost of renter’s insurance.

Tax Costs Pay Cost Buy Buying Rent Include Your Home Initial Costs Opportunity Costs Recurring Costs  tax  buying  buy  cost  savings  calculator  costs  financial  rent  better  include  security  pay

History of this topic

Renting vs buying: which is wiser?
1 year, 8 months ago

Renting vs buying: which is wiser?

The Hindu  

While owning a home is traditionally every Indian’s ambition, skyrocketing real estate costs, particularly in metro areas, have caused many people to choose to rent rather than to buy. In rare situations, if you reside in a large apartment your landlord might also include homeowner association dues, storage fees, and utility charges in that sum. While owning a home may …

How to be a landlord if you buy rental property: What you need to know
3 years, 1 month ago

How to be a landlord if you buy rental property: What you need to know

CNN  

The idea of making money on the side from owning a rental property can bevery appealing, especially if you view the venture as a possible way to quit your day job eventually or subsidize your income when you retire. And depending where you buy a rental property, it may take up to five years before the rent you collect matches …

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