Buy vs. Rent calculator
This is the coolest interactive buy vs. rent calculator, compliments of The NY Times: http://www.nytimes.com/interactive/business/buy-rent-calculator.html?hp
You can plug in your specific market data. Prior to the market slowdown, Austin was appreciating overall around 4-5%. We are down an average of 4-5% this past year & a half but all indicators are that we will even out pretty quick and our outlook is solid. (Our population in Austin is predicted to double over the next 20 years … that makes for a pretty solid real estate outlook as for as appreciation goes.)
© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2008-2010. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.