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Rent vs Buy Calculator

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Rent vs Buy Calculator

Last updated: May 20 2013
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  • Rent vs Buy Calculator

    http://www.propmart.com/tools/rentorbuy.asp
    gives a fair idea whether to go with buying or continue on rent( assuming you get possession for the bought house today,like buying a resale one, and the property rates do appreciate over the period of time.)
  • #2

    #2

    Re : Rent vs Buy Calculator

    good information provided.

    Comment

    • #3

      #3

      Re : Rent vs Buy Calculator

      This is the worst rent vs buy calculator I have seen.It does take into account,inflation & your savings growth. I believe this is the best one -
      Make sure you use the advance settings well---


      http://www.nytimes.com/interactive/b...alculator.html

      Note: Rate of return is average 15% on savings if money saved is put in MFs
      Actual Inflation average in India is 10% over the years
      Average Interest rate - 9% pa

      Considering just these two factors, the property needs to appreciate atleast the rate of 20% per annum EVERY YEAR FOR THE NEXT 20-25-30 YEARS -- JUST TO BREAK EVEN .....OR YOU WILL ALWAYS BE LOSING MONEY WHEN YOU BUY...

      Well, surely a very pessmistic thoght,aye??????
      Last edited July 14 2010, 04:04 PM.

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      • #4

        #4

        Re : Rent vs Buy Calculator

        buy or rent

        A nice article by indianexpress on buy vs rent.

        House: Buy or Rent?

        Comment

        • #5

          #5

          Re : Rent vs Buy Calculator

          Thank you neetak! this is very comprehensive calculator. Great work!

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