There are a lot more options that I can take into account using the NYT version (ownership costs, HOA fees, specific mortgage rate, length of mortgage, rate of return of other investments, etc). How is this calculator better? Just because it’s simpler?
That calculator is good, but simplifies a lot of things. For example, there's no easy way to include rent you charge to someone renting a room in your home. After using the NYTimes one a bunch of times, I found this one, which is much more full-featured:
Found it!
The advanced panel, the simple graphics, highlighting the parallel rolls of expected rate of Rent increase vs Home price appreciation and making it a slider! Much usability, minimal space.
This is a really awesome tool, and as someone in NYC currently debating renting vs buying it is very useful. I used to pass around the old NYTimes Rent V Buyer calculator often when people started thinking about the topic, I definitely will send this one out instead.
https://www.nytimes.com/interactive/2014/upshot/buy-rent-cal...
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