An attempt at rational perspective when the world screams in extremes
Thursday, May 29, 2008
Rent Vs Buy
Many have debated the rent Vs buy dilema with regards to a home. Now the NY Times has offered a calculator that you can tailor to your local conditions.
Here's the numbers for my current house. Since I plan to stay here for at least 10 years, its looks like a no-brainer.
Hi, I'm Paul, an engineer by training. I've worked for a Fortune 500 company for 30 years in R&D and have several patents. I'm a father of 4 teenagers ranging from 16 to 19 who would like to go to college. I would also like to retire someday but after a divorce separated me from half my net worth, I have little left for either my childrens college tuition or retirement and lots of debt. I have spent a lifetime searching for a way to make money outside of my job and tried businesses and investments that I will discuss here. I currently am starting to re-invest in real estate and hope to document my progress (and hopefully success here).
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