Make #Rent vs Buy Decision Easily!

If you are in the “pre-retirement” or “early retirement” phase of your life, chances are you are trying to make a decision about housing and where to live. Housing is usually the largest item in the budget, therefore the “housing” decision will impact how long your retirement nest egg lasts. With low interest rates, it may or may not make sense to buy a home. To reduce expenses and the time/effort to maintain a home, it may make sense to rent. Realtor.com has a neat “Rent vs Buy” calculator widget. You enter the zip code, desired monthly rent, desired home price, and how long you plan to live in the home. The calculator will tell you whether it’s cheaper to rent or buy! To give it a try, scroll below and enter the numbers on the calculator.