Comments on: The Best "Rent vs. Buy" Calculator http://blog.wethmangroup.com/2007/04/15/the-best-rent-vs-buy-calculator/ Thoughts, Opinions, and Rants and Raves about the DC Area Real Estate Market Thu, 20 Jan 2011 14:24:48 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Katie Wethmanhttp://blog.wethmangroup.com/2007/04/15/the-best-rent-vs-buy-calculator/comment-page-1/#comment-33 Katie Wethman Fri, 04 Apr 2008 17:51:00 +0000 http://blog.wethmangroup.com/?p=19#comment-33 Thomas, thanks for posting. No doubt there are times when it pays to rent! Do you mind sharing the assumptions you used (specifically rent, purchase price, and appreciation rate, which are the biggest drivers)? <br/><br/>Cheers,<br/>Katie Thomas, thanks for posting. No doubt there are times when it pays to rent! Do you mind sharing the assumptions you used (specifically rent, purchase price, and appreciation rate, which are the biggest drivers)?

Cheers,
Katie

]]> By: Thomashttp://blog.wethmangroup.com/2007/04/15/the-best-rent-vs-buy-calculator/comment-page-1/#comment-32 Thomas Fri, 04 Apr 2008 15:17:00 +0000 http://blog.wethmangroup.com/?p=19#comment-32 Interesting calculator. Based on this, if I where to buy the condo I am renting, it would take me 19 years to see a profit. WOW. Guess I should continue to invest the 140K I made on my house in 2006 and continue renting for a while. Interesting calculator. Based on this, if I where to buy the condo I am renting, it would take me 19 years to see a profit. WOW. Guess I should continue to invest the 140K I made on my house in 2006 and continue renting for a while.

]]> By: Katie Wethmanhttp://blog.wethmangroup.com/2007/04/15/the-best-rent-vs-buy-calculator/comment-page-1/#comment-18 Katie Wethman Fri, 28 Dec 2007 15:52:00 +0000 http://blog.wethmangroup.com/?p=19#comment-18 Here's another great calculator for your reference - one that determines whether it's worth it to pay points<br/><br/>http://tinyurl.com/3xs9ba Here’s another great calculator for your reference – one that determines whether it’s worth it to pay points

http://tinyurl.com/3xs9ba

]]> By: Katie Wethmanhttp://blog.wethmangroup.com/2007/04/15/the-best-rent-vs-buy-calculator/comment-page-1/#comment-13 Katie Wethman Tue, 20 Nov 2007 22:19:00 +0000 http://blog.wethmangroup.com/?p=19#comment-13 I have to give one quick word of warning on this (and any other calculator). They all have an inherent assumption that you will be SAVING or INVESTING the "excess" funds that you would otherwise be paying for a mortgage (e.g., if your rent is $1500 and your mortgage would be $2500, it assumes you invest that extra $1000.) This particular calculator even asks for your expected rate of return on those funds. So if you spend that extra thou on a new flat screen, the analysis will be off! I have to give one quick word of warning on this (and any other calculator). They all have an inherent assumption that you will be SAVING or INVESTING the “excess” funds that you would otherwise be paying for a mortgage (e.g., if your rent is $1500 and your mortgage would be $2500, it assumes you invest that extra $1000.) This particular calculator even asks for your expected rate of return on those funds. So if you spend that extra thou on a new flat screen, the analysis will be off!

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