Rent vs. Buy Calculators

[Anonymous]

Just did the calculation today and I would be crazy to buy. I know the home I want and how much it would cost me to buy it right now.
Also, I have supposedly very high risk tolerance in the market - like one crypto and one stock only and it has paid off. I don't consider it high risk at all. Risk is not to be in the market.
I have owned, and it didn't make me happy or give me warm and fuzzy feeling. I actually lost money on three different properties without doing the renting vs owning. They were all bought for living.
Sold all, put money in the market, it tripled in tow years, and I reallocated. I also learned a lot more about the market in short years than owning real estate for 15. Helps that I love my rental, bonus that it's cheap and landlord is awesome.

This is what has to enter into the calculation. If you have this situation, I would keep renting. You are probably an excellent tenant and the landlord is happy too. Win win.

[Anonymous]

Anonymous wrote:Have those calculators ever accurately predicted either appreciation or rental inflation?

I used Nerdwallet’s calculator which includes a dropdown menu that allow the user to include rental rate increases and other variables. It doesn’t factor in appreciation because it calculates the cost of ownership, and appreciation is only realized at sale unless the owner takes out HELOCs, which we don’t plan to do.