I have looked at rent vs buy calculators available on line yo look at whether it makes mores sense to buy a house or rent in time of ER. Most sites use the one used by Yahoo! Homes. There seems to be about 3 main ones,
Rent vs Buy Calculator, Should I Rent or Buy? - Yahoo! Homes
Is It Better to Buy or Rent? - Interactive Graphic - NYTimes.com
Rent Vs Buy Calculator - Financial Calculators
But the frustrating thing is that I entered the same information into the calculators, the Yahoo!Homes and NYT said it was better to buy a house, and the realtor.home said it was better to rent, and the difference was not even close. They looked like they had taken into account similar things, including missed opportunity cost with the money used in buying the house.
Do you have experience with those calculators and which one appears to be the most dependable one?
Rent vs Buy Calculator, Should I Rent or Buy? - Yahoo! Homes
Is It Better to Buy or Rent? - Interactive Graphic - NYTimes.com
Rent Vs Buy Calculator - Financial Calculators
But the frustrating thing is that I entered the same information into the calculators, the Yahoo!Homes and NYT said it was better to buy a house, and the realtor.home said it was better to rent, and the difference was not even close. They looked like they had taken into account similar things, including missed opportunity cost with the money used in buying the house.
Do you have experience with those calculators and which one appears to be the most dependable one?