Renting Vs Buying: Absolutely No Contest

[smshorttimer]

We’ve been fortunate, as our lease expired 15 months ago, but our rent has not changed. Buying our house would bump us up $900 just from P&I.

[cr]

This is the best rent vs. buy calculator I’ve come across

http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html?_r=1&ex=1185336000&en=92a35496df194374&ei=5070&oref=slogin#

True with renting you don’t own the place, but typically there is a savings in renting, and after 30 years of accumulating that savings you can end up with more cash depending on your rate or return.

Since the claim is the market typically returns 10%/yr you’d likely end up better than a house that returns 2-4%/yr. And you’d still have to sell the house.

[cr]

This is the best rent vs. buy calculator I’ve come across

http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html?_r=1&ex=1185336000&en=92a35496df194374&ei=5070&oref=slogin#

True with renting you don’t own the place, but typically there is a savings in renting, and after 30 years of accumulating that savings you can end up with more cash depending on your rate or return.

Since the claim is the market typically returns 10%/yr you’d likely end up better than a house that returns 2-4%/yr. And you’d still have to sell the house.

[cr]

This is the best rent vs. buy calculator I’ve come across

http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html?_r=1&ex=1185336000&en=92a35496df194374&ei=5070&oref=slogin#

True with renting you don’t own the place, but typically there is a savings in renting, and after 30 years of accumulating that savings you can end up with more cash depending on your rate or return.

Since the claim is the market typically returns 10%/yr you’d likely end up better than a house that returns 2-4%/yr. And you’d still have to sell the house.

[cr]

This is the best rent vs. buy calculator I’ve come across

http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html?_r=1&ex=1185336000&en=92a35496df194374&ei=5070&oref=slogin#

True with renting you don’t own the place, but typically there is a savings in renting, and after 30 years of accumulating that savings you can end up with more cash depending on your rate or return.

Since the claim is the market typically returns 10%/yr you’d likely end up better than a house that returns 2-4%/yr. And you’d still have to sell the house.

[cr]

This is the best rent vs. buy calculator I’ve come across

http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html?_r=1&ex=1185336000&en=92a35496df194374&ei=5070&oref=slogin#

True with renting you don’t own the place, but typically there is a savings in renting, and after 30 years of accumulating that savings you can end up with more cash depending on your rate or return.

Since the claim is the market typically returns 10%/yr you’d likely end up better than a house that returns 2-4%/yr. And you’d still have to sell the house.

[LAAFTERHOURS]

I rent a 1900 sq ft home in 4s. Current sale prices in the sub are 525k.

In regards to the ratio mentioned above (150, 125, 100 etc), we are at 210.

Most in 4s are at least this or higher.

Luckily Im a proactive renter in the community (cleaning it up, alerting the landlord of community problems or happenings) so our rent changed by 0%. I know of a rental coming up in our community if anyone is interested and its the biggest model.

[LAAFTERHOURS]

I rent a 1900 sq ft home in 4s. Current sale prices in the sub are 525k.

In regards to the ratio mentioned above (150, 125, 100 etc), we are at 210.

Most in 4s are at least this or higher.

Luckily Im a proactive renter in the community (cleaning it up, alerting the landlord of community problems or happenings) so our rent changed by 0%. I know of a rental coming up in our community if anyone is interested and its the biggest model.

[LAAFTERHOURS]

I rent a 1900 sq ft home in 4s. Current sale prices in the sub are 525k.

In regards to the ratio mentioned above (150, 125, 100 etc), we are at 210.

Most in 4s are at least this or higher.

Luckily Im a proactive renter in the community (cleaning it up, alerting the landlord of community problems or happenings) so our rent changed by 0%. I know of a rental coming up in our community if anyone is interested and its the biggest model.

[LAAFTERHOURS]

I rent a 1900 sq ft home in 4s. Current sale prices in the sub are 525k.

In regards to the ratio mentioned above (150, 125, 100 etc), we are at 210.

Most in 4s are at least this or higher.

Luckily Im a proactive renter in the community (cleaning it up, alerting the landlord of community problems or happenings) so our rent changed by 0%. I know of a rental coming up in our community if anyone is interested and its the biggest model.

[LAAFTERHOURS]

I rent a 1900 sq ft home in 4s. Current sale prices in the sub are 525k.

In regards to the ratio mentioned above (150, 125, 100 etc), we are at 210.

Most in 4s are at least this or higher.

Luckily Im a proactive renter in the community (cleaning it up, alerting the landlord of community problems or happenings) so our rent changed by 0%. I know of a rental coming up in our community if anyone is interested and its the biggest model.

[h82rent]

PadreBrian, I too live at Archstone for 4 years or so, and have dealt with big rental increases in some years, not so much in other years. They now have their rates published (at http://www.archstone.com). Here’s what I’ve been advised by the staff. Look at the prices and wait until the end of the week and end of the month. That’s when prices are lowest. Also, an 11-month term might be far cheaper than a year-lease.

That said, I think I overpay for my SMALL (621 square foot place). If they increase it much more, it will be too ridiculous to justify. But I currently pay less than what I’d pay to rent a condo or home in this area. The size is starting to drive me crazy, but oddly enough, I just did a rent-versus-own calculation – online and on my own – on a home I could afford, but would be happy with it too. And it wasn’t even comparable right now.

But I’m sacrificing some happiness now, for bigger happiness later. Kind of like a happiness investment. Don’t ask me for the ROI of this investment type, as I’m not too sure what the formula is. I’m sure the Piggs could figure it out, though, and post a big spreadsheet showing breakeven points, various trends, and other nerdy data that I find absolutely ridiculous… and personally spend hours at a time staring at.

[h82rent]

PadreBrian, I too live at Archstone for 4 years or so, and have dealt with big rental increases in some years, not so much in other years. They now have their rates published (at http://www.archstone.com). Here’s what I’ve been advised by the staff. Look at the prices and wait until the end of the week and end of the month. That’s when prices are lowest. Also, an 11-month term might be far cheaper than a year-lease.

That said, I think I overpay for my SMALL (621 square foot place). If they increase it much more, it will be too ridiculous to justify. But I currently pay less than what I’d pay to rent a condo or home in this area. The size is starting to drive me crazy, but oddly enough, I just did a rent-versus-own calculation – online and on my own – on a home I could afford, but would be happy with it too. And it wasn’t even comparable right now.

But I’m sacrificing some happiness now, for bigger happiness later. Kind of like a happiness investment. Don’t ask me for the ROI of this investment type, as I’m not too sure what the formula is. I’m sure the Piggs could figure it out, though, and post a big spreadsheet showing breakeven points, various trends, and other nerdy data that I find absolutely ridiculous… and personally spend hours at a time staring at.

[h82rent]

PadreBrian, I too live at Archstone for 4 years or so, and have dealt with big rental increases in some years, not so much in other years. They now have their rates published (at http://www.archstone.com). Here’s what I’ve been advised by the staff. Look at the prices and wait until the end of the week and end of the month. That’s when prices are lowest. Also, an 11-month term might be far cheaper than a year-lease.

That said, I think I overpay for my SMALL (621 square foot place). If they increase it much more, it will be too ridiculous to justify. But I currently pay less than what I’d pay to rent a condo or home in this area. The size is starting to drive me crazy, but oddly enough, I just did a rent-versus-own calculation – online and on my own – on a home I could afford, but would be happy with it too. And it wasn’t even comparable right now.

But I’m sacrificing some happiness now, for bigger happiness later. Kind of like a happiness investment. Don’t ask me for the ROI of this investment type, as I’m not too sure what the formula is. I’m sure the Piggs could figure it out, though, and post a big spreadsheet showing breakeven points, various trends, and other nerdy data that I find absolutely ridiculous… and personally spend hours at a time staring at.

[h82rent]

PadreBrian, I too live at Archstone for 4 years or so, and have dealt with big rental increases in some years, not so much in other years. They now have their rates published (at http://www.archstone.com). Here’s what I’ve been advised by the staff. Look at the prices and wait until the end of the week and end of the month. That’s when prices are lowest. Also, an 11-month term might be far cheaper than a year-lease.

That said, I think I overpay for my SMALL (621 square foot place). If they increase it much more, it will be too ridiculous to justify. But I currently pay less than what I’d pay to rent a condo or home in this area. The size is starting to drive me crazy, but oddly enough, I just did a rent-versus-own calculation – online and on my own – on a home I could afford, but would be happy with it too. And it wasn’t even comparable right now.

But I’m sacrificing some happiness now, for bigger happiness later. Kind of like a happiness investment. Don’t ask me for the ROI of this investment type, as I’m not too sure what the formula is. I’m sure the Piggs could figure it out, though, and post a big spreadsheet showing breakeven points, various trends, and other nerdy data that I find absolutely ridiculous… and personally spend hours at a time staring at.

[Author]

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