It is better to buy or rent a home? The answer will give a special calculator!

The desire to have their housing often robs people of the ability to think properly and pushes into the present financial slavery. Yes, moving from place to place is very difficult, but also pay a monthly sum exorbitant expensive loans on inflated real estate market is not very reasonable. Few would argue with the fact that to buy an apartment in Moscow or Kiev, less financially advantageous than renting over the same 20 years. And here are reversed in the countries of Western Europe. We suggest you use an interesting calculator from New York Times and to decide for themselves what more profitable - to buy or rent property in the conditions of your real estate market and its dynamics development.

The calculator will display to you the most important indicator - how many years you will pay off the cost of purchasing property versus renting. The results are based on data that you enter:

• Monthly rent - monthly cost of rental housing;
• Home price - the full cost of housing;
• Down payment - what is called our initial contribution;
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• Mortage rate - the annual interest rate on the mortgage loan;
• Annual property taxes - annual property taxes.

In addition, the left slider to set the rent rise in price and value of the property per year in%.

That's what happened with me, and you?

It Is Better to Buy or Rent?