Re:Australia's Housing Frenzy
by christophilus on Saturday November 25, 2017 @06:20PM
(#15778542)
That is an obvious statement, and yet it has never occurred to me. I now (finally) understand why renting is generally a better decision than buying.
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Glad to hear it helps!
The NYT has a good “buy vs rent calculator” that’s worth checking out:
https://www.nytimes.com/interactive/2014/upshot/buy-rent-cal...
Even though the calculator is useful, it’s important to have a really good understanding of why housing is so much more expensive today (as a percentage of avg annual income) than it was 50-60 years ago. For that I recommend a short, but extremely useful book, The Housing Trap:
https://www.nytimes.com/interactive/2014/upshot/buy-rent-cal...