Quick post
Not to detract from today's other post below, Here is a quick link to a really good rent vs own calculator I stumbled on:
http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html
It doesn't calculate as many factors as the one I wrote, but it displays it very nicely in a graphical fashion that I will probably imitate (aka steal, but everything in software creation is about imitation) for future versions of my calculator (if I get time to finish it).
http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html
It doesn't calculate as many factors as the one I wrote, but it displays it very nicely in a graphical fashion that I will probably imitate (aka steal, but everything in software creation is about imitation) for future versions of my calculator (if I get time to finish it).
posted by Sven at
1:57 PM
6 Comments:
Gotta like that, without home appreciation, I need 15 years of 10% annual rent increases to make buying the place I'm renting better than renting it.
At 2% annual appreciation, it takes 12 years.
At 5% annual appreciation and 10% rent increases, it still takes 5 years.
By
Anonymous, at 3:24 PM
For all your readers interested in other parts of San Diego, I've started a blog on the Hillcrest/Mission Hills area in the same style as this one. Check it out here: http://hillcresthousing.blogspot.com/
By
FW, at 12:05 PM
Wow, 30k hits!. This blog is getting popular. Anyone think a podcast with some of the local bubble bloggers might be a good idea?
By
Sven, at 6:25 PM
Hey fw, send me an email at svenbubble@yahoo.com. I'll forward you that housing loss calculator spreadsheet I use. Feel free to change it around and use it.
By
Sven, at 6:32 PM
This is a great blog with nice information. Do you think it is better to rent or buy within the next 6 months?
By
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Anonymous, at 12:23 PM
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