Daily Awesome: NYT Rent Versus Buy Calculator

by Alex Stenback on February 25, 2011

On the fence as to whether it makes sense to pony-up and buy that new pad?

Let me introduce you to one of the best, and without question the prettiest, Rent Vs. Buy Calculator ever conceived, via Kevin Quealy, New York Times Graphics Editor.

Practical exercise: Enter a scenario that fits your situation. 

Then: Reduce the sales price by 10%, and increase the interest rate by 1% – that is a pretty good approximation of where we are likely to be in terms of prices and rates this time next year. 

What did you find?  Does waiting pay for you?

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