rent vs buy will tell you where the equilibrium is, but it won’t tell you where the bottom is. Only after we turn back up will we know where/when the bottom was.
[quote=asianautica]Personally, I think when your PITI w/20% down = rent, you’re already at equilibrium point. … If it’s cheaper to buy vs rent, then you’re already doing better than rent.[/quote]
PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.
[quote=asianautica]Personally, I think when your PITI w/20% down = rent, you’re already at equilibrium point. … If it’s cheaper to buy vs rent, then you’re already doing better than rent.[/quote]
PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.
[quote=asianautica]Personally, I think when your PITI w/20% down = rent, you’re already at equilibrium point. … If it’s cheaper to buy vs rent, then you’re already doing better than rent.[/quote]
PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.
[quote=asianautica]Personally, I think when your PITI w/20% down = rent, you’re already at equilibrium point. … If it’s cheaper to buy vs rent, then you’re already doing better than rent.[/quote]
PITI w/20% down may equal rent now, but the problem with that is this: losing a good chunk of that 20% over the next few years makes it anything but equal.
