When is it cheaper to rent or buy housing?
Ken Robertson, a real estate agent from Laguna Beach, CA, recently noted, “With soaring housing prices, soaring interest rates, and an uncertain economic outlook, this question is frequently asked these days.” Another question worth asking is, Am I financially better off selling my house or renting it?
Ken provided links to three online calculators to help sort through these questions.
New York Times — Is it Better to Rent or Buy? A financial Calculator
Nerdwallet — Rent vs. Buy Calculator
National Association of Rental Property Managers — Rent vs. Sell Calculator