Tuesday, April 17, 2007

Cool Tool to Determine Buy or Rent Property in New York

Buy or to rent? The New York Times shows the answer

Apr 16th 2007, by Zac Bissonnette @ Blogging Stocks

The New York Times has a really cool new tool to help you decide whether to buy or to rent a home.

You plug in the price of the property, the monthly rent you would have to pay, the down payment, the interest rate, and the property taxes. Then, after you provide some more details about expected annual appreciations and rent increases, it tells you how many years you would have to stay in the home for buying to be a better deal than renting. Sounds cool...

Read more about it @ this Blogging Stocks post

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