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Reply to "How much can we afford to spend on home?"
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[quote=Anonymous]For those arguing about whether a home is an investment or not, I recommend checking out this calculator: http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?_r=0 It compares renting to buying, and has a number of factors you can change. At a home price of $800k, renting is better (after 9 years) if you can rent at $2,686 a month or less (to begin with, it factors in inflation). That's with default values, so you may find the answer change significantly with specific inputs that fit your case. [/quote]
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