{"id":28839,"date":"2014-05-23T11:00:14","date_gmt":"2014-05-23T18:00:14","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=28839"},"modified":"2014-05-23T11:29:03","modified_gmt":"2014-05-23T18:29:03","slug":"new-even-better-new-york-times-buy-vs-rent-calculator","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2014\/05\/23\/new-even-better-new-york-times-buy-vs-rent-calculator\/","title":{"rendered":"New, Even Better New York Times Buy vs. Rent Calculator"},"content":{"rendered":"

For years, the gold standard in online buy vs. rent calculators has been the one created and hosted by the New York Times. This week, they released a brand new, updated and enhanced version: Is It Better to Rent or Buy?<\/a><\/p>\n

\"New<\/a><\/p>\n

The new version lays out all of the variables in a clean and simple vertical layout. As with their old calculator<\/a> (which you can still use if you prefer it), they offer sliders for a wide variety of costs associated with both renting and buying.<\/p>\n

The thing I really like about this is that it highlights many of the home buying and ongoing ownership costs that clich\u00e9 “you’re just wasting money if you rent” marketing from home salesmen<\/a> conveniently overlooks.<\/p>\n

\"New<\/a><\/p>\n

When I put in the numbers for my 2011 home purchase, the calculator suggested that even if home values don’t appreciate at all and I only stay in my home for 10 years (I plan to own it for good<\/a>) I’d need to pay no more than $1,128 a month in rent to make renting the better financial choice. The 2-bedroom home next door to mine—less than half the size of my house—is currently renting for over $1,300.<\/p>\n

Plugging in a similar scenario for today’s median King County single family home price of $430,000 and a 4.25% rate on a 30-year mortgage gets you a monthly rent break-even point of $2,193. I haven’t tried renting anything in King County lately, but a Craigslist search<\/a> seems to show quite a few homes for rent for less than $2,200. From what I can tell, the question of whether buying or renting is the better financial choice in the Seattle area is certainly a lot less clear today than it was a few years ago.<\/p>\n","protected":false},"excerpt":{"rendered":"

For years, the gold standard in online buy vs. rent calculators has been the one created and hosted by the New York Times. This week, they released a brand new, updated and enhanced version: Is It Better to Rent or Buy? The new version lays out all of the variables in a clean and simple…<\/p>\n","protected":false},"author":2,"featured_media":28840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"On the blog: New, Even Better New York Times Buy vs. Rent Calculator http:\/\/wp.me\/pe2Bv-7v9","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[206],"tags":[452,376,204],"coauthors":[],"class_list":["post-28839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-features","tag-buy-vs-rent","tag-calculator","tag-new-york-times"],"yoast_head":"\nNew, Even Better New York Times Buy vs. Rent Calculator \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2014\/05\/23\/new-even-better-new-york-times-buy-vs-rent-calculator\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"New, Even Better New York Times Buy vs. Rent Calculator \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"For years, the gold standard in online buy vs. rent calculators has been the one created and hosted by the New York Times. 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