how about a good old rent vs buy thread
Started by marco_m
over 15 years ago
Posts: 2481
Member since: Dec 2008
Discussion about
M+M = 2000 after tax deduction = 1400 equivalent rent =1500 10 yr time horizon. rent or buy ?
noooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
if you bring rhino out of retirement you should burn in hell
so if M+M increased by $100 the purchse price would be based on option value only - isn't this when you end up with the $1 penthouse?
damn - it was one of my new year's resolutions to stop responding to rent vs buy threads - broke it already!!!
Here's one:
Purchase: 2M + Mtn 2500 -- 50% down -- keep for 15-20 years OR
Rent: 11,000 per month -- for 6 years -- all children on their way to or finished with college by then
Family is not expanding.
We are New Yorkers living in Asia, 2 kids in boarding school and one going in next few years
Both scenarios: Corporate expat package would pay our rent or mtg for 2 years
P.S. -- have certainly not seen any apts that I just have to have
RENT OR BUY? What goes into the calculation?
Thanks for your thoughts....
I've got one: buy for $1.6m (before transaction costs), $2000 maintenance. Or rent for $5300 a month.