Re:How Home Loans Have Changed since 2000
by obelos on Monday August 15, 2016 @04:52PM
(#12293333)
What's the likelihood your rent in, say, five years will still be less than your mortgage would be now? Your mortgage payments won't appreciably increase. In high demand areas, though, rents will.
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If renting is cheaper than buying right now, a better question is whether rent will increase faster over the next five years than an index fund portfolio funded with the difference.
Re:How Home Loans Have Changed since 2000
by cloudjacker on Tuesday August 16, 2016 @02:57AM
(#12295965)
There are calculators for this, NY Times and Washington Post have them. Your anecdotes can be played around with variables on their data visualizations.
The break even point is typically 11 years in NYC and SF. Find and play around with the calculators yourself.