I hesitate to post this, almost dread posting it for the battle that might ensue because of it, but I thought this was pretty cool. The New York times has this rent vs buy calculator that takes more things into consideration than what you normally see – such as opportunity costs.
I plugged in the info for one of our client’s investment properties and it shows buying is better than renting after only 2 years.
Now, I haven’t thoroughly investigated this, and I can’t vouch for the results or the methodology or any of that crap, I just thought it was cool and some of you might like to try it out. Enjoy!
