15-Dec-08 NEW: Buy Or Rent Calculator
There are many reasons to buy or rent a house, but this calculator looks at the financial side.
It forces you to really think about the commitment you are making.
You also need to make realistic assumptions in order to make the correct decision.
In the years of 10% annual house price rises, it was a no-brainer to buy, leverage, and buy again. Now the equation is different.
Hope this calculator makes people think a bit! I wrote it for myself originally (as a "sell to renter"), but would like to share it out, and appreciate any feedback.
It might appear a bit tricky for someone new to finance, but if you're a financial advisor, this could be a valuable marketing tool
- Enter your own values
- Make your own market assumptions
- Use at your own risk !
More Property Calculators
Wealth Diff Graph:
Intoductory Training Video:
Enter your own values, make your own market assumptions, and use at your own risk !