An article in the New York Times was brought to my attention from Tim at Seattle Bubble on whether or not you should buy or rent. The article is very slanted towards renting and considering the part of the country it’s originating from, they are right. Our local economy and housing market remains strong and is not experiencing any sort of a slump.
What I really liked about the article is the on-line calculator to help you determine if you should rent or buy. The calculator is flexible and friendly with adjusting appreciation, down payment, rent increases and the costs associated with owning a home (funny how many potential home buyers forget about that). If you’re considering buying a home, I encourage you to check it out.
Tim, where was this calculator when I did my post at Rain City Guide and Seattle Bubble Blog countered it?
Rhonda – Funny, I thought the same thing when I read his article (about it being biased). The online calculator is a good tool. Nice post!
Tony Gallegos
Thanks, Tony! I think the reader really needs to consider what region the article is coming from.
Rhonda,
I just wanted to share with you some other mortgage calculators that I’ve found at this site.
http://www.azcalc.com
They have some nice calculators for refinance, bi-weekly payments, tax deductions from mortgage interest, etc.
I enjoyed reading your blog.
Jim