Buying vs Renting

I am going to answer this question once and for all:

Buying vs Renting, which costs less?

I've written an excel worksheet to solve the question above. What I found is that the answer is different for every case depending on:

• the size of down payment
• the length of amortization
• the interest rate, inflation rate and rate of return

The way to go about it is to find the house/condo that you want to buy, then find a rental property of equal quality. After gathering all the information on mortgage and rent, enter them in the worksheet; and you'll know which method will work out better for you scenario.

Give it a try!