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Saturday, March 28, 2009Buy or rent?
As a buyer you need to consider the market before deciding whether or not to purchase a home. Several considerations are the rate of market decline, how much you are paying for rent and the length of time you plan to own the property.
I finally found a calculator that allows you to factor in depreciation when purchasing a property. Here it is, courtesy of the New York Times.
MaryAlice Short
MN & WI Realtor, MBA
Remax Advantage Plus
MN Real Estate Team - The #1 MN Remax Team 2006-2008
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Minneapolis, MN 55414