Rent Or Buy

Spanish readers of this blog who remain convinced that, under all circumstances, renting a home is merely 'putting money into the landlord's pocket' (as are 99% of their compatriots) might want to play with this New York Times calculator. Plug in some numbers across the top and, fine tune them in the 'Advanced Settings'. Finally adjust the sliders on the left with a guess as to expected anual property price appreciation and rent increases. The resulting graph will give an idea as to which choice is the economic decision - and over how long a time period.

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