I may have to re-read this section...I probably skipped (skimmed) over it thinking I'm going to rent forever. I do like this in bold though...useful for some very quick comparisons.jacob wrote: ↑Sun Apr 07, 2019 7:30 am@Lemur - The financial answer is given by the NAV equation. It's in the ERE book if you have it, otherwise, it's nothing special/found everywhere. A simplification of the NAV equation is to compare the price of the house to the price of the rent. If the rent is higher than 1% of the price of the house, it's cheaper to own.
OTH...I have forgotten the fact that should I buy I could be within non-car commuting distance to work. Would certainly offset some of the costs in the area I'm looking at.