David Ratajczak came up with a model to make (from his perspective) an informed decision.... He says: “At what price is renting preferable to purchasing a house? There are many factors influencing the price of a home or apartment, and the relative valuation of homes remains a matter of both art and preference. But we can still ask, for a given home at a given price, what would be the equivalent rent that I should be willing to pay for that home.” For now, he link below is published only and can't be saved with formulas, but maybe David will offer his working version online (I'll ask him).
Site: David Ratajczak's Blog
Page/Post: Rent Versus Buy
Spreadsheet: Rent vs. Buy Model
Wednesday, October 3, 2007
Rent or Buy - a calculator
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