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Monday, April 16, 2007

Renting vs. Buying

Check out this swell little calculator the New York Times business section created to compare renting versus buying. I just bought a house about 6 months ago so I was very interested in what this was going to tell me. According to the calculator Buying the house is better after 21 years. Of course the calculator doesn't add in all the other financial benefits of owning your own house, but it is pretty interesting.
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