Rent vs. buy in Austin
Break-even point
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Net cost of buying$0
Net cost of renting$0
Home value at exit$0
Loan balance at exit$0
Equity at exit$0
Difference$0
Buying is charged with mortgage interest, property tax, insurance,
maintenance and transaction costs, and credited with equity and appreciation. Renting is
credited with the investment return on the down payment, closing costs and any monthly
savings. Break-even is the first year buying costs less than renting.
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