this post was submitted on 02 Jun 2024

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Finance

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Is It Better to Rent or Buy? A Financial Calculator. (www.nytimes.com)

submitted 5 months ago by Dymonika@beehaw.org to c/finance@beehaw.org

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These sliders are immensely helpful with quick estimates!

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[–] DrunkenPirate@feddit.de 1 points 5 months ago

Not US-based, German, but residential prices go crazy here as well.

For me it was the best decision to buy a house. For two reasons: you surf on the asset inflation as well. Moving to a new house last year wasn’t that pricey as I only had to borrow the difference old vs new bigger house.

Second reason is psychology: I don’t know somebody who has stocks in their account in same height as a house price. Paying mortgage forces you to save money. Having a (low) 6-digit stock account, feels being rich and money flows out into buying things.