Oh forget those silly rent vs owning calculators! All the ones I’ve tried are clearly skewed toward buying. I have to laugh at what those calculators project for me: “You should buy and your monthly mortgage payment will be $4200”. Well I’m sorry Mr. Mortgage Company Calculator but I cannot afford $4200/mo and your banker very well knows it but hopes I’ll take the bait anyway. The whole mortgage business is insane.
All you really need to know is what you can afford without going into debt and maintain some sort of sensible savings. If you can do that you’re at least thinking level headed.
