Rent or Buy, With My Actual Numbers
By maya42 · Published · Updated
The rent vs buy comparison run on your numbers, with assumptions you can challenge.
Tags: Finance, Home, Planning
Prompt template
## Rent vs buy I keep hearing both "rent is throwing money away" and "buying is overrated". Run the comparison with my real numbers instead of slogans. Where I live: [text: city or area] Monthly rent for the kind of place I'd want: [text: rent amount] Price of a similar place to buy: [text: purchase price] Deposit I have saved: [text: deposit amount] How long I expect to stay: [dropdown: under 3 years, 3 to 5 years, 5 to 10 years, 10+ years] My income is: [dropdown: very stable, mostly stable, variable] I want the maintenance responsibility: [toggle: Yes, No] Compare the total cost over my expected stay, including the costs renters forget (buying fees, maintenance, selling costs) and the ones buyers forget (what the deposit could earn if invested instead). State your assumptions as a short list so I can challenge them, then give a lean toward one option and the two conditions that would flip your answer.