Thursday 15 January 2015

Web App: Is It Better to Rent or Buy?

This New York Times powerful web app enables you to explore financial scenarios for buying a house vs renting. As a general rule, I would argue that for many life stages and circumstances, renting is financially superior to buying when the ratio of House Price / Annual Rent is over 20. Plugging in realistic figures (such as limited further house price growth) to this web app makes this very clear. Renting often makes living in more walkable and bikeable locations much more affordable.

Link: NY Times: Is It Better to Rent or Buy?

Related Better By Bicycle Posts:
> See the lifestyle choices category of the blog.

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