Re: Buying vs renting

The NY Times calculator tells me that I'm better off renting if I can get a
place for less than double my mortgage.

Sources of inaccuracy:
- I don't think it has been updated since the tax changes.
- Closing costs are sunk, given that I own already.
- Many unknowns


On Tue, Feb 20, 2018 at 4:02 PM, Owen Byrne <[email protected]> wrote:

> https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html
> is
> probably more useful than the USA Today article.
> Owen
>
>
>
> On Tue, Feb 20, 2018 at 3:50 PM Gregory Alan Bolcer <[email protected]>
> wrote:
>
> > Location, location, location.
> >
> > The answer is some combination of what's your income, where's your home,
> > what tax bracket are you in, what are your deductions, what is your
> > capital gains situation if you don't turn it over into a like-for-like
> > asset etc, etc, etc.
> >
> > In Orange County, it's been renter's market for at least 10 years (not a
> > rentee's market).
> >
> > Greg
> >
> > On 2/20/2018 3:36 PM, Lucas Gonze wrote:
> > > Dear FoRKie,
> > >
> > > If I sell my home (with another 15 years of mortgage left to pay), put
> > the
> > > money in the market, and pay rent instead, will I earn more?
> > >
> > > By choosing to own, am I being sentimental in the face of my single
> > biggest
> > > opportunity to profit?
> > >
> > > =====
> > >
> > >
> > https://www.usatoday.com/story/money/columnist/2018/02/
> 18/why-your-home-lousy-investment-when-you-think-its-great/340516002/
> > >
> > > "Having a family home and yard for the kids and dogs is great.
> > Home-owning
> > > neighbors can be wonderful, too, creating community. But the real value
> > > isn’t the investment, it’s the roof over your head, the satisfaction it
> > > brings and the memories it creates. Home ownership doesn’t compare with
> > > real saving and real investment, where real retirement millions
> compound
> > > over your lifetime.  "
> > >
> > >
> > https://www.usatoday.com/story/money/columnist/2018/01/
> 28/401-k-savings-buying-home-what-prioritize/1066728001/
> > >
> > > Buying isn’t always wise. Many cite tax benefits, but Congress just
> > > downsized those, limiting property tax deductibility. Mortgage
> interest,
> > > too. By doubling the “standard deduction,” Congress shrunk home
> deduction
> > > attractiveness. These reduced benefits raise the bar on whether a home
> > is a
> > > good investment. But 401(k) saving remains just as tax friendly.
> > >
> > >
> > > Investing in your 401(k) with a globally diversified stock portfolio
> > likely
> > > renders returns of 5% to 10% annually over the decades. Not
> spectacular,
> > > but your fortunes won’t be tied to one Zip code.
> > > _______________________________________________
> > > FoRK mailing list
> > > http://xent.com/mailman/listinfo/fork
> > >
> > _______________________________________________
> > FoRK mailing list
> > http://xent.com/mailman/listinfo/fork
> >
> _______________________________________________
> FoRK mailing list
> http://xent.com/mailman/listinfo/fork
>
_______________________________________________
FoRK mailing list
http://xent.com/mailman/listinfo/fork