• huquad@lemmy.ml
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    22 hours ago

    I just did the math for renting/investing vs buying, including rent/house value yearly increase, income taxes on capital gains, mortgage rate, down payment amount, and initial house price. The results indicate a strong dependence on rent price and taxes/insurance for buying. I found that renting/investing can be a better financial option depending on the inputs. As another commenter pointed out, the main reasons are taxes/insurance and the greater time return rate for market vs home value. This was surprising to me, so I’m glad I ran the numbers. That tells me the real difference is your life choice of wanting a place of your own vs renting and moving around.

    • huquad@lemmy.ml
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      22 hours ago

      I should’ve known better than to trust my intuition on this. I previously ran the numbers on investing vs double mortgage payments and found investing to be far superior.