mfin

Is it Better to Remain a Renter or Buy a House?

First of all, kudos to Mr. Sakazaki to present a robust analysis in utter layman's vernacular. Thank you. I am going to use this analysis to evaluate my girlfriend's rent versus own dilemma.

As far as the debate between everyday finance and jswede is concerned, I am of the opinion that jswede is on the money as far as the precise moot point is concerned. Since the author did not mention amortization or a mortgage, the tax break is out of the scope of the article and the argument. However, everyday finance does bring that as a valuable point and I think the author should have addressed the example with a mortgage example assuming standard interest rates, time to maturity etc. Please Mr. Sakazaki, add that piece when you can. Thanks.