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Reply to "Rent vs. Buy Calculators "
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[quote=Anonymous]I just used a rent vs buy calculator for close to DC suburbs with decent public schools (not just W cluster), and it showed that we are saving money by renting where we are living now vs. buying (not including needed repairs like new roof, hvac, etc.). It expects us to save money by renting over the next six years. We make 350k, 40 years old dual income couple. So we are still renting for now. Not so desperate to buy that we are willing to make a bad deal. Would declining interest rates change the math meaningfully? If you own a home that you purchased in the last ten years, did you do that math before you put down offers?[/quote]
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