The Rent vs. Buy Calculation

The New York Times did an interesting story on the question of whether it’s better to rent or buy a home now, given the beating that house prices have gone through in the last 18+ months.

http://www.nytimes.com/2010/04/21/business/economy/21leonhardt.html

The article includes extensive analysis, it seems, including a city-by-city rating of those markets in which you’re better off buying, those you’re better off renting. Memphis is included, and is scored as what I’d call a 50/50 market — neither renting nor buying is high risk. Which would seem like a good thing to me, reflecting the fact that home prices are neither too high or too low.

There’s also a nifty rent vs. buy calculator. I love online calculators.

Dansette

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