rent vs own calculators are kinda tricky because they ask you determine the annula appreciation. If you use case shiller, there is no appreciation. To make it easy, use this formula, when the asking price is equal to or less than 150 rent payments, you can start looking, when it hits 125 look real hard, at 100, it’s a no brainer. If you are paying 1500 a month, 150k=buy immediately, 187k, look real hard, 225k, that when you begin to shop but anything more, rent. The hoa, taxes, insurance are roughly offset by the tax deduction so just go with a pure rent multiplier.
You may think it is not possible but investors shop with numbers, not emotions. they can find 125k multiplier properties elsewhere, so that is where they are going to go, not 200x multipliers. If they wont buy and you wont buy, the price goes down, it really is that simple.
