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The Upshot: Is It Better to Rent or Buy?

As this excellent interactive resource notes, "The choice between buying a home and renting one is among the biggest financial decisions that many adults make." And yet there are few resources on the Internet as fluid and informative as this 21-part series of interactive charts and graphs. Here readers may enter their prospective home price, how long they plan to stay, mortgage details (rate, down payment, and length), projected future growth rates, taxes, closing costs, maintenance fees, and then, in contrast, the costs of renting (monthly rate, broker's fee, renter's insurance). Given all of that information, the site calculates whether it is better to rent or own, as well as where the dividing line might be in terms of renting versus the costs and benefits of owning. In all, this is an extremely helpful and informative site for anyone that has ever considered owning their own home.
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2015-08-21 11:33:34
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2015-08-24 09:43:59
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