Will You Still Love me In the Morning
Posted March 19th, 2008 in Buying or Selling, Real Estate
Eternal Question
Buy or Rent? It’s an age old argument that each camp persists in maintaining. This tool, courtesy of the New York Times, may help put some visual perspective into the debate.
Defining Tool
Plug in some numbers and paint your Vancouver Real Estate picture.
New York Times – Should You Rent or Buy CalculatorConvinced?
I’m around.
Got a Vancouver Real Estate question? I’ll do my best to answer it. Call or send me an email. Larry
I just used the Buy or Rent calculator. Yikes! If my home appreciation goes down to even plus four per cent at some point down the line, my numbers start looking pretty gloomy. It’s a good thing we’ve been going through booming times… but clearly, I may have to think about selling before the good times end.
When that might be, nobody really knows.
Johnaton,
I wouldn’t cut your wrists yet. There is still a lot of good news for us in BC. BTW Plus 4 isn’t a negative number. I’m not an ultra booster but , my simple take on this is if you sold and broke even after 20 years what did it really cost you to have a roof over your head? It’s 0 compared to the rent you would have paid.
Somewhere along the line we lost touch with a house or apartment being a home as opposed to an investment. Ah for the simple things.