The New York Times has put up a very nice calculator to help you determine whether it is better (meaning cheaper) to buy or to rent. Of course, we’re in the rental business, so you might think we’re a little biased. We’re not. We are biased in favor of everyone make the right economic decision that furthers their future goals.
But here’s the general rule:
Buying is better than renting after a certain number of years.
The number of years is a function of how much you’re paying in rent vs. how much you’d pay on your mortgage. There are a bunch of factors that go into the calculation.
One factor that we can help you with is saving some money by bringing you the very best in no fee apartments for rent. It’s what we do and it helps your economics.