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:
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...